If we keep going down this path, soon we won’t have much of a “middle class” at all. When I first started writing about the economy many years ago, I often wrote about the tens of millions of “working poor” Americans that were enduring so many hardships. But at this point most of the nation now falls into the “working poor” category. That isn’t because wages haven’t been going up.
Little by little, wages have been incrementally rising year after year, but meanwhile the cost of living has been absolutely soaring. Paychecks have not even come close to keeping up with inflation, and this has been eviscerating the middle class. Today, the majority of the country is in constant “survival mode” financially, and that isn’t going to change any time soon.
When I was growing up, retailers that catered to the middle class did exceptionally well. My mother was constantly taking me and my siblings to JCPenney and Sears, and it seemed like that was where virtually everyone shopped.
But now such retailers are rapidly going extinct. Today, the retailers that are doing well are those that cater to the very bottom of the economic food chain (Walmart, dollar stores, etc.) or those that cater to the very top of the economic food chain.
And that is because there isn’t much in between those two extremes anymore. The Social Security Administration has just released final wage statistics for 2020, and they are extremely alarming. According to the figures that they have given to us, the median wage for 2020 was just $34,612.04…
By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $34,612.04 for 2020.
It is really depressing to think that half of all U.S. workers made $34,612.04 or less last year. That is less than $3,000 a month, and that is before taxes. Needless to say, trying to survive in a major U.S. city on that kind of income is not easy in today’s economic environment.
Of course $34,612.04 would have been a very nice yearly income back in 1960, because back then the cost of living was much lower. The following comes from an article authored by MN Gordon…
In 1960, for example, a gallon of gas cost $0.31 per gallon. Similarly, in 1960 a gallon of milk cost $1.00 per gallon. Currently, the average price of gas and the average price of milk are $3.28 per gallon and $3.68 per gallon, respectively. That’s upwards of a 958 percent increase for gas and 268 percent increase for milk over the last 60 years.
Back in 1960, you could buy an entire house in a nice middle class neighborhood for $34,612.04. Today, that would barely be a down payment on a dilapidated shack in many parts of the country. In recent weeks, I have frequently pointed out that there are millions of jobs available in the U.S. right now. But the vast majority of them are highly undesirable because they pay “working poor” wages.
So many people out there are working as hard as they can and they still can’t make ends meet. In fact, one recent poll discovered that 59 percent of Americans that make less than $50,000 a year have experienced “serious financial problems in the past few months”…
The poll showed a sharp income divide, with 59% of those with annual incomes below $50,000 reporting serious financial problems in the past few months, compared with 18% of households with annual incomes of $50,000 or more.
As I have discussed so many times over the years, we have gotten to a point where most of the population is living paycheck to paycheck. And when you are living paycheck to paycheck, all it takes is one bad break to push you into financial distress. Sadly, things are going to get even worse for ordinary Americans in the coming months because inflation continues to rise very aggressively…
Inflation accelerated in September, with consumer price pressures across America showing no sign of easing ahead of the all-important holiday shopping season.
Consumer prices increased 5.4% from the year-ago period, slightly faster than their 5.3% increase the previous month and on par with the increases in June and July.
Needless to say, those numbers actually greatly understate what we are facing, because the way inflation is calculated by the government has changed dozens of times over the years. As I am constantly reminding my readers, if inflation was still calculated the way that it was back in 1980, it would already be well into double digit territory. In other words, the sort of inflation that we faced during the Jimmy Carter era is already here.
And CNN just admitted that prices “aren’t coming back to earth anytime soon”. If prices continue to rise much faster than paychecks do, the middle class will just keep getting smaller and smaller and smaller.
Sadly, politicians seem determined to hasten the demise of the middle class by pushing millions more Americans out of decent paying jobs in the months ahead. But in the process, they will also be creating critical staff shortages. For example, just consider what just happened at a hospital in Lewiston, Maine…
The administrators of Central Maine Healthcare in Lewiston, Maine, enacted a vax policy demanding all employees to take the vaccine. But more than 250 employees refused to comply before the deadline. These employees were subsequently fired.
Unfortunately for patients, about 170 of those employees were needed to staff the intensive care unit. Consequently, the hospital had to shut down its ICU because of the firings.
Because it lost so many employees, the hospital plans on cutting intensive care beds by 50% and reducing the number of medical surgical beds by 40%, the Bangor Daily News reported.
Isn’t that nuts? Of course the same type of scenario is playing out at hospital after hospital all over the country right now. And you can’t just hire random people off the streets to be doctors and nurses, because it takes many years of training to become a doctor or a nurse. So let us hope that we don’t have to deal with any sort of a major health crisis this winter, because our medical system would become overwhelmed very rapidly.
These are such ominous times for our economy, and these are such ominous times for our nation as a whole. In the months ahead, there will be more inflation, more shortages, and more questionable decisions by our leaders. Events are truly beginning to spiral out of control, and America will never be quite the same ever again.
Big Pharma’s Five Major Minions that Everyone, Vaxxed or Unvaxxed, Must Oppose
This is not an “anti-vaxxer” article, per se. It’s a call for everyone to wake up to the nefarious motives behind vaccine mandates, booster shots, and condemnation of freedom.
The worst kept secret in world history SHOULD be that the unquenchable push for universal vaccinations against Covid-19 has little if anything to do with healthcare and everything to do with Big Pharma’s influence over the narrative. Unfortunately, that secret has stayed firmly hidden from the vast majority of people because of the five major minions working on behalf of Big Pharma.
What’s even worse is the fact that Big Pharma’s greed is merely a smokescreen to hide an even darker secret. We’ll tackle that later. First, let’s look at the public-facing ringleaders behind the vaccine push, namely Big Pharma. But before we get into their five major minions, it’s important to understand one thing. This is NOT just an article that speaks to the unvaccinated. Even those who believe in the safety and effectiveness of the vaccines must be made aware of agenda that’s at play.
Let’s start with some facts. The unvaccinated do NOT spread Covid-19 more rampantly than the vaccinated. Even Anthony Fauci acknowledged the viral load present in vaccinated people is just as high as in the unvaccinated. This fact alone should demolish the vaccine mandates as it demonstrates they have absolutely no effect on the spread of the disease. But wait! There’s definitely more.
This unhinged push to vaccinate everyone defies science. Those with natural immunity may actually have their stronger defenses against Covid-19 hampered by the introduction of the injections which fool the body into creating less-effective antibodies. Moreover, the push to vaccinate young people is completely bonkers. The recovery rate for those under the age of 20 is astronomical. Children neither contract, spread, nor succumb to Covid-19 in a statistically meaningful way. What they DO succumb to more often than Covid-19 are the adverse reactions to the vaccines, particularly boys.
All of this is known and accepted by the medical community, yet most Americans are still following the vaccinate-everybody script. It requires pure cognitive dissonance and an overabundant need for confirmation bias to make doctors and scientists willingly go along with the program. Yet, here we are and that should tell you something.
Before I get to the five major minions of of Big Pharma, I must make the plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our GivingFuel page or via PayPal. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Who does Big Pharma control? It starts with the obvious people, the ones who most Americans believe are actually behind this push. Our governments at all levels as well as governments around the world are not working with Big Pharma. They are working for Big Pharma. Some are proactive as direct recipients of cash. Others may oppose Big Pharma in spirit but would never speak out because they know anyone who does has no future in DC.
This may come as a shock to some, but it’s Big Pharma that drives the narrative and sets the agenda for the “experts” at the CDC, FDA, WHO, NIH, NIAID, and even non-medical government organizations.
Most believe it’s the other way around. They think that Big Pharma is beholden to the FDA for approval, but that’s not exactly the case. They need approval for a majority of their projects, but when it comes to the important ones such as the Covid injections, Big Pharma is calling the shots. They have the right people in the right places to push their machinations forward.
That’s not to say that everyone at the FDA is in on it. Big Pharma only needs a handful of friendlies planted in leadership in order to have their big wishes met. We have seen people quitting the FDA in recent weeks for this very reason. The same can be said about the other three- and five-letter agencies. Too many people in leadership have been bribed, bullied, or blackmailed into becoming occasional shills for the various Big Pharma corporations. Some have even been directly planted by Big Pharma. That’s the politics of healthcare and science that drives such things as Covid-19 “vaccines.”
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JD Rucker – EIC