Based on the revised formula, the number of poor people in 2012 was 49.7 million, or 16 percent. That exceeds the record 46.5 million, or 15 percent, that was officially reported in September.
U.S. poverty rises despite economic recovery
WASHINGTON (Reuters) Tue Sep 17, 2013 - The number of U.S. residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans.
Note three:
The Offshore Outsourcing of American Jobs: A Greater Threat Than TerrorismBy Dr. Paul Craig Roberts Global Research, July 13, 2014
Creators Syndicate and Global Research 18 April 2010
Note four: The China entry to the WTO and its consequences are well presented in the documentary "Death By China" by Peter Navarro, www.deathbychina.com.
Available on Netflex
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