Thursday, July 15, 2010

Middle Class Being Wiped Out

What is that giant sucking sound we hear? According to this article it it the sound of the U.S. middle class being wiped out.

The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.

The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool.

The truth is that the middle class in America is dying -- and once it is gone it will be incredibly difficult to rebuild.

See it here; http://finance.yahoo.com/tech-ticker/the-u.s.-middle-class-is-being-systematically-wiped-out-here's-the-stats-to-prove-it-520657.html?tickers=%5EDJI,%5EGSPC,SPY,MCD,WMT,XRT,DIA

Did you catch that "blinding pace" reference? I couldn't help but think of Jesus' words when he said that Last-Days things will happen quickly...like a flood.

I wonder if this is what Revelation 6:6 is talking about when it mentions that during The Tribulation most people will be working non stop just to pay for enough food to keep themselves alive....but when it says, "...and do not damage the oil and the wine", it may be referring to the wealthy people who can still afford such luxuries?

No doubt the world is splitting up rapidly into the ultra rich and those just working to survive.

Hat tip to Mike S.

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