What happens when Income is less than Outgo?
one word: Recession.
[US Inflation Trend: All Items]
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What's a Working Class citizen to do?
[US Inflation Trend: Food]
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[US Inflation Trend: Housing]
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[US Inflation Trend: Rent]
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[US Inflation Trend: Household Energy]
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[US Inflation Trend: Household Fuel Oil]
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[US Inflation Trend: Transportation]
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[US Inflation Trend: Transportation: Public vs Private]
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[US Inflation Trend: Gasoline]
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[US Inflation Trend: Medical]
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CPI Detailed Report Tables
Chart Data Source: Consumer Price Index Detailed Report July 2008 (PDF 491K)
Now for the Income Side of the Equation. [Hello, Wages!]
[US Wage Trend: All Civilian Jobs]
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[US Wage Trend: Civilian Jobs, by Occupation]
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[US Wage Trend: Civilian Jobs, by Industry type]
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[US Wage Trend: Civilian Jobs, by Industry sector]
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Bureau of Labor Statistics: Employment Cost Trends
[See Table D: for Chart Data source]
You'd think that the Corporate Powers that be
would give the Worker a break...
Don't count on it,
what do you think the Global Economy is about.
Don't like your raise?
We got someone overseas who will do your job
at half the cost.
The Poorer segment of society,
has struggled for years and years
just to make ends meet... Just to survive.
If these recent trendlines are any indication
It looks like that "Misery Segment" of society
is about to get a LOT Larger.
Say "Bye Bye" to a decent "Standard of Living".
"Bye bye" Middle Class.
No wonder it "feels like" a Recession,
It's because People are paying out much, much more
than they're taking in -- that makes us feel Poorer,
nervous and worried.
It's called the "Reverse Wealth Effect", and it spells bad news of the Economy in general.
People are hesitant to spend their hard-earned cash,
since, well, so much less of it, is left
after buying Groceries, and filling up the tank.
It seems like the faster and faster I pedal,
the further and further behind I get.
What is a Working Class citizen to do?
Where is the Opportunity in the Land of Opportunities?
Dudes, Where'd they Leave our Future?
For more Fun Facts (Facts that you probably won't see on TV)
Bureau of Labor Statistics: Economy at a Glance
Americans are $1.7 trillion poorer
(Good thing they keep giving us Reality TV!
Aren't the Corporate Networks swell?)