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20 Signs You Might Be A Typical American Worker

Once upon a time, anyone that was relatively competent and willing to work hard could go out and easily get a job that would enable that person to financially support a family. Unfortunately, that is simply no longer true anymore. Well paying “middle income jobs” are being rapidly replaced with “low income jobs” and part-time jobs. The typical American worker is not as valued as much as he or she used to be, and if current trends continue even more of us will be working part-time jobs or “low income jobs” in the years ahead.

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Once upon a time, anyone that was relatively competent and willing to work hard could go out and easily get a job that would enable that person to financially support a family.  Unfortunately, that is simply no longer true anymore.  Well paying “middle income jobs” are being rapidly replaced with “low income jobs” and part-time jobs.  As the economy crumbles, it is becoming increasingly difficult for the typical American worker to survive from month to month.  The number of companies that provide benefits such as health insurance has fallen steadily over the past ten years, and paychecks have not been keeping up with the rising prices of food and gas.  Average American families are seeing their budgets squeezed like never before, and many of them are going into huge amounts of debt in order to make up the difference.  Sadly, this is a problem that has developed over an extended period of time and that is not going to be reversed overnight.  Over the past four decades, the ratio of wages and salaries to GDP in America has fallen dramatically.  The typical American worker is not as valued as much as he or she used to be, and if current trends continue even more of us will be working part-time jobs or “low income jobs” in the years ahead.

In America today there is a great deal of focus on the unemployed, but there are also millions upon millions of Americans that are working part-time jobs because that is all that they can find.

It can be absolutely soul crushing to go all the way through school getting good grades, spend a ton of money on an education, and then work for 8 bucks an hour doing meaningless work for some predator corporation that simply does not care about how talented you are.

Today, an astounding 48 percent of all Americans are considered to be either “low income” or are living in poverty.

According to the New York Times, approximately 100 million Americans are either living in poverty or in “the fretful zone just above it”.

A lot of those people actually do have jobs.  Unfortunately, a part-time job that pays 8 or 9 dollars an hour just will not get you anywhere close to getting over the poverty line.

This is not the way that the U.S. economy used to work.  Back in the old days, good paying jobs that would allow you to live “the American Dream” were plentiful.

But now millions upon millions of Americans are scrambling for anything that they can get.  According to a recent survey conducted by Gallup, the percentage of Americans that are working part-time jobs but that would like full-time jobs is now higher than it has been at any other time in the last two years.

In this economy, a good paying full-time job is incredibly precious.  If you still have one, you should consider yourself to be very fortunate.

Check out the following chart.  It is a chart that shows the level of wages and salaries as a percentage of GDP in the United States since the late 1940s.  As you can see, the slice of the pie being taken home by American workers has been dropping like a rock since about 1970….

Is that a clear trend or what?

And it is going to continue year after year as long as we continue to pursue the same foolish economic policies.

As our politicians continue to allow millions of American jobs to be shipped overseas, competition for the jobs that remain inside this country is becoming extremely intense.

Back in 1967, 97 percent of all U.S. men with a high school degree between the ages of 30 and 50 had jobs.  Today, that figure is down to 76 percent.

As you read this, there are hordes of hard working American workers sitting at home staring at their televisions as they wonder why nobody will hire them.

Right now, if you gathered together all of the unemployed people in the United States, they would constitute the 68th largest country in the world.

That is absolutely insane.

But even if you do have a job that does not mean that you are in good shape.  The percentage of “low income jobs” just continues to climb.  Back in 1980,less than 30% of all jobs in the United States were low income jobs.  Today,more than 40% of all jobs in the United States are low income jobs.

Many Americans work as hard as they can and still find that they must turn to the government for financial assistance.  According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

And that number is just going to keep climbing unless we change what we are doing as a nation.

Perhaps you are working a “low income job” right now.  Most of us have worked a job like that at least once in our lives.  Hopefully you will find the following list amusing.  Yes, I have exaggerated a few things slightly, but I think you will get the point.

The following are 20 signs you might be a typical American worker….

#1 If you are working three jobs and you still don’t have enough money at the end of the month, you might be a typical American worker.

#2 If your job involves asking the question “Would you like fries with that?”, you might be a typical American worker.

#3 If you shop at the dollar store because Wal-Mart is too expensive, you might be a typical American worker.

#4 If your job requires you to wear a smock, a brightly colored polo shirt orlots of “flair”, you might be a typical American worker.

#5 If people are constantly asking you where the restroom is while you are at work, you might be a typical American worker.

#6 If your employer hires extra part-time workers in order to avoid giving anyone full-time hours, you might be a typical American worker.

#7 If you are required to watch a mindless “training video” after being hired, you might be a typical American worker.

#8 If the company you work for is owned by someone on the other side of the world, you might be a typical American worker.

#9 If a trained seal could do your job and you feel like your expensive education is going to waste, you might be at typical American worker.

#10 If you don’t have any health insurance at all, you might be a typical American worker.  Only about 25 percent of all part-time workers in the United States receive employee benefits such as health insurance or paid sick leave.

#11 If your car is older than your kids are, you might be a typical American worker.

#12 If you can’t afford to buy the things that you are selling to the public, you might be a typical American worker.

#13 If the balances on your credit cards are larger than your bank accounts are, you might be a typical American worker.

#14 If going to Burger King is your idea of “fine dining”, then you might be a typical American worker.

#15 If it costs more to fill up your car with gas than you will make at your job today, you might be a typical American worker.  The price of gasoline has increased by 83 percent since Barack Obama first took office, and the average cost of a gallon of gas in the United States is now up to $3.52.

#16 If you eat your cereal with a fork so that you can save milk, you might be a typical American worker.

#17 If your electricity bill keeps going up but your paycheck never does, you might be a typical American worker.

#18 If it feels like you are losing an organ every time you pay for health insurance each month, you might be a typical American worker.

#19 If you feel like your employer is constantly tempted to replace you with someone younger and cheaper, then you might be a typical American worker.

#20 If you are so poor that you cannot even afford to pay attention, you might be a typical American worker.

Unfortunately, a lot more Americans are going to be forced into working these kinds of jobs if current trends continue.

Since the year 2000, we have lost 10% of our middle class jobs even though our population has increased by more than 30 million since then.  In the year 2000 there were about 72 million middle class jobs in the United States, but today there are only about 65 million middle class jobs.

The lack of good jobs in America has some very real consequences.  In particular, our young adults are really feeling the pain of not being able to find quality employment.

According to a recent poll conducted by Generation Opportunity, huge numbers of Americans in the 18 to 29 year old age bracket are delaying major life decisions due to the poor economy….

-44% are delaying buying a home

-28% are delaying saving for retirement

-27% are delaying paying off student loans or other debt

-27% are delaying going back to school or getting more education

-23% are delaying starting a family

-18% are delaying getting married

All of those things take a lot of money, and if you simply don’t have the money it makes things really tough.

Sadly, the economy is about to get even worse.

As I have written about previously, what is going on in Greece right now is awarning sign for the rest of the world, and we are on the precipice of another major global financial crisis.

There are an increasing number of voices in the financial world that believe that we are going to see a Greek default in March.  So will this actually happen?  I certainly don’t know.  But what some folks are currently saying about the situation sure does make for interesting reading.

In the old days, you could graduate from college, get a good job, work for the same company for 30 years, save up for retirement and count on a comfortable life in your old age.

That paradigm is now totally shattered.  The entire global economic system is in a state of chaos and things change faster today than they ever have before.

If you have a job today, it may be gone tomorrow.

The financial institution or insurance company that you are working with today may be out of business by next month.

We live in a world that is becoming increasingly unstable.  That is why it is imperative to try to become more self-sufficient and less dependent on the system.

It is tough to plan in such an environment, but one thing is for sure – tough times are coming and things are not going to get any easier than they are now.

— The Economic Collapse Blog

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Trump Says He Will Make A “Major Statement” When He Returns To The US

After a 12-day tour through five Asian countries where he discussed the threat posed by North Korea and how America might shrink its massive trade deficits, President Donald Trump is heading back to the US Tuesday. And in true Trump fashion, the president hinted that he would be making a “major announcement” upon his return to the states – but offered no clues about what the topic of said “announcement” might be.

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After a 12-day tour through five Asian countries where he discussed the threat posed by North Korea and how America might shrink its massive trade deficits, President Donald Trump is heading back to the US Tuesday. And in true Trump fashion, the president hinted that he would be making a “major announcement” upon his return to the states – but offered no clues about what the topic of said “announcement” might be.

Here’s the tweet, sent around 1 a.m. Eastern Time:

Of course, there’s a lot happening in Washington right now, and Trump’s hinted-at announcement could be in reference to one of any number of issues. Will he deliver an update on the administration’s position regarding tax reform as two bills that differ in dramatic fashion wend through Congress? Perhaps some type of security announcement? Or the revelation that the US has finally entered into talks with North Korea after Trump adopted a notably softer tone toward his favorite Asian antagonist over the weekend?

There’s also the possibility that he could deliver an official statement about Alabama Senate candidate Roy Moore, who Trump previously said should “do the right thing” and step aside if allegations about him having inappropriate sexual contact with a 14-year-old girl turn out to be true?

Shortly before his teaser tweet about the upcoming announcement, the president hinted that he had made some major breakthroughs on behalf of the US’s trading relationship in the region, claiming that the US’s regional partners now understand that trade deficits “most come down”?

The president also took the time to thank the staff of the US embassy in the Phillipines for doing such “GREAT WORK” during his visit. Strangely, similar praise for other US embassies in the region was not forthcoming.

He also took a swing at polls that reflect a presidential approval rating below 40%, pointing to a Rassmussen poll that puts his approval rating at a reasonable 46%…

With the House gearing up to pass its version of the tax reform program on either Thursday or Friday, it’s possible Trump could be taking to the bully pulpit to try and whip up votes among intransigent blue-state Republicans. Or the announcement could be on any one of a number of topics. North Korea, trade, tax reform, the upcoming Alabama special election – all are priorities for the White House and the Republican Party right now.

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The Price Swings In Bitcoin Are Making Me Sick To My Stomach

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Well, that de-escalated quickly…

All the hopes and dreams of Bitcoin Cash officianados have been dashed in the last 24 hours. After its mega spike from $600 to over $2400, the forked cryptocurrency has crashed back to around $1000 overnight as traders switch back to the mainstream Bitcoin branch, sending it surging back above $6600 – erasing all the weekend’s “the end is nigh” losses…

As CoinTelegraph reports, cross-exchange data for Bitcoin Cash, which describes itself as “the best money in the world,” shows a swift turnaround in the altcoin’s fortunes through the weekend.

The result of a giant publicity effort from its proponents, BCH saw mass investment as it heads towards a potentially contentious hard fork set for just after 7 p.m. GMT today.

The failure of SegWit2x, coupled with endorsement from the soon-to-be-defunct Bitcoin Classic team meant BCH became the major ‘competitor’ to Bitcoin overnight.

Its rapid rise has ignited the community, with widespread condemnation of lead supporters Roger Ver and Jihan Wu coming in tandem with public praise from Ethereum creator Vitalik Buterin.

As BCH approached its highest-ever point Nov. 11, Buterin delivered his “congratulations” to Ver on Twitter, adding it was a “key reason why he is now so confident in crypto.”

Criticism meanwhile has focused on the ‘corporatized’ nature of BCH in contrast to Bitcoin’s decentralization, while figures involved insist the altcoin is an improvement on Bitcoin.

The project even has a CEO in the form of Finnish Pirate Party founder Rick Falkvinge, who released a statement aimed at harmonizing its structure.

“…As Chief Executive Officer of this disorganization with made-up titles, where every document is as official as people pretend it to be, I further emphasize that we cannot resolve social disputes by voting, for two reasons: first, there is no boundary on the electorate that determines who gets to vote, which creates winning by trickery rather than by argument, and second, we don’t want to vote anyway.”

But that is all over for now…

As Bitcoin soars back above $6600…

Leaving Bitcoin Cash about half the market cap of Ethereum once again…

So what happens next?

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7 Quotes That Sum Up Buffett’s Entire Strategy

Unlike other highly successful value investors, Buffett spends a large amount of time doing interviews. There have also been thousands of articles written about him and possibly hundreds of books.

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Warren Buffett is the world’s greatest and most prominent value investor.  Unlike other highly successful value investors, Buffett spends a large amount of time doing interviews. There have also been thousands of articles written about him and possibly hundreds of books.

Not only is Buffett the world’s most successful investor, he is also the investing world’s biggest celebrity. In some ways, this success has been a doubled-edged sword.

Since Buffett is a larger-than-life celebrity, his interviews stray away from the topic of investing. At the same time, he has produced so many sound bites on the topic of investing, many have lost their true meaning. For instance, almost all investors know Buffett’s first two rules — “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” More often than not, however, I have seen this interpreted as “If I don’t sell, I don’t lose money” — clearly not the right viewpoint at all.

So considering all of the above, in this article I have tried to pull together seven quotes I believe best describe Buffett’s investment process and give essential insight into how the average investor should look for value and high-quality investments. These are not one-liners, they are specifically picked to give as much detail as possible.

How to pick the best businesses:

“I like businesses I can understand. We’ll start with that. That narrows it down about 90%. There are all kinds of things I don’t understand, but fortunately, there’s enough I do understand. You got this big, wide world out there. Almost every company is publicly owned. You got all American business, practically, available to you. Now, to start with, it doesn’t make sense to go with things you think you can[‘t] understand. But you can understand some things. I can understand this (picks up can of Coca-Cola (NYSE:KO)). I mean you can understand this. Anybody can understand this. I mean this is a product that basically hasn’t been changed much since 1886, and it’s a simple business. It’s not an easy business. I don’t want a business that’s easy for competitors. I want a business with a moat around it with a very valuable castle in the middle. And then I want the duke who’s in charge of that castle to be honest and hard-working and able. And then I want a big moat around the castle, and that moat can be various things.

The moat in a business like our auto insurance business at GEICO is low cost. I mean people have to buy auto insurance so everybody’s going to have one auto insurance policy per car, basically, or per driver. And I can’t sell them 20, but they have to buy one. What are they going to buy it on? They’re going to buy it based on service and cost. Most people will assume the service is fairly identical among companies, or close enough, so they’re going to do it on cost, so I gotta be the low-cost producer. That’s my moat. To the extent my costs get further lower than the other guy, I’ve thrown a couple of sharks into the moat.”

 



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