50% of Americans At Or Below Poverty Line

via: SilverVigilante
by: SV
August 5, 2012

As I covered earlier, CNN reported the following:

Some 28% of workers are expected to hold low-wage jobs in 2020, roughly the same percentage as in 2010, according to a study by the Economic Policy Institute.

The study defines low-paying jobs as those with wages at or below what full-time workers must earn to live above the poverty level for a family of four. In 2011, this was $23,005, or $11.06 an hour.

The truthiness in the CNN article of course comes along with political shades. The purpose of the article is not to potentially beat down the spirit of the reader, but is also to smear the numbers and the direness in which the U.S. finds itself.

But, as the propaganda fails to scramble minds of the population with gobbledygook, the real numbers are coming out, and the direness is well known. The article cites a study which states that “28% of workers” are expected to toil under a magnet to the system, the low-wage.  That means that 1/4 of workers will be in 2020, and were in 2010, at the poverty line according to the government’s number. But, the key to this sentence is isolating the variable of “workers” which does not mean the entire population of $315 million. The article obfuscates therefore the issue completely by not factoring in the official unemployment number – official numbers are what the axiomatically problematic study is based – which is $8.3%, although that number was adjusted down to 8.254% as if by jester by a pronouncement on the White House website. The article, in other words, totally fails at truly expressing the gravity of the U.S.’s current reality.

To take the state-enterprises’ numbers as accurate in determining the nature of the employment landscape is scientifically naive. But, let’s do it to get an idea of what the dominant propaganda allows us to believe. Of 315 million people in the United States, 8.254% of that population is officially unemployed. Provided this is true,  that means that 26,000,100 people are unemployed. And so, 289 million workers nationwide therefore. Provided that, of those 289 million people, 28% of them exist in a low-wage position, that would mean another 80, 920, 000 at the poverty line. Add this 80,920,000 to the 26,000,100 officially unemployed and you get 106,920,100. That is 106,920,100 at the poverty line in the United States, one-third of the population about.

Continue Reading At: SilverVigilante.com


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