Power of Story Send a Tweet        
OpEdNews Op Eds

The Vanishing American Dream

By       Message Paul Craig Roberts       (Page 1 of 1 pages)     Permalink

Related Topic(s): ; ; ; , Add Tags  Add to My Group(s)

Well Said 3   Must Read 2   Interesting 1  
View Ratings | Rate It

opednews.com Headlined to H2 9/4/17

Author 12495
Become a Fan
  (407 fans)

From Paul Craig Roberts Website

From pixabay.com: Jobs, Unemployment {MID-158543}
Jobs, Unemployment
(Image by pixabay.com)
  Permission   Details   DMCA
- Advertisement -

Today is Labor Day, a difficult day to celebrate now that American labor has been cast aside and US jobs offshored and given to foreigners. The remainder of the jobs is slated to be replaced by robotics.

Friday's payroll jobs report was full of bad news. Full-time jobs declined by 166,000. The meager 156,000 new jobs claimed are really only 115,000 net of the prior month's revision, and this 115,000 jobs estimate is within the range of statistical insignificance. In other words, there is no confidence that the jobs are actually there.

The US workforce continues to develop a Third World complexion of lowly paid part-time domestic service employment. The American Dream continues its closedown.

- Advertisement -

Meanwhile the government tells us that we are at full employment with an unemployment rate of 4.4%.

 

- Advertisement -

Well Said 3   Must Read 2   Interesting 1  
View Ratings | Rate It

opednews.com

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Libya - The DC/NATO Agenda And The Next Great War

A Story...The Last Whistleblower

Pakistan TV Report Contradicts US Claim of Bin Laden's Death

The Road to Armageddon

American Job Loss Is Permanent