The essence of the Pentagon’s scheme for making America safe for a never-ending policy of war preparations (and war) is to organize as much of the economy as possible around the needs of military production.
The U.S. economy is booming. But the dramatic increase in jobs isn’t increasing wages and the growth in consumer spending has primarily been fueled by the bottom 60 percent of earners, who are exhausting their savings and piling up serious debt.
Half of all new jobs in Washington, DC will require at least a bachelor's degree, although only 12.3 percent of Black residents in 2014 had graduated from college. And, now that wealthier residents have moved back to cities, rent increases have left longtime residents unable to afford their homes.
Ken Jacobs, Zohar Perla, Ian Perry and Dave Graham-Squire
UC Berkeley Labor Center
Much attention has been given in recent years to low-wage work in the fast-food industry, big-box retail, and other service sector industries in the U.S. The rise of low-wage business models in the service sector has often been contrasted to business models of the past, when blue collar jobs in the manufacturing industry supported a large middle class in the U.S. Recent research found that manufacturing production wages now rank in the bottom half of all jobs in the U.S.
A majority of Americans struggle daily to stay afloat on a sea of red ink, perpetually threatened by wave after wave of debt. This hasn't always been the case. The phenomenon can be traced back to 1978, when the US economy was sailing into dire straits.