Posts Tagged Liabilities

The Mancession: 16 Signs That This Economic Decline Is Sucking The Life Out Of The American Male

Via: TheEconomicCollapseBlog
June 19, 2012

This economic decline has been really hard on everyone, but it has been particularly hard on American men.  During the last recession male employment dropped like a rock and it has not recovered much at all since then.  That is why many referred to the last recession as a “mancession”.  Industries where men are disproportionately represented such as construction and manufacturing have really been hit hard in recent years.  In the old days, you could take a high school education down to the local factory and get a job that would enable you to live a middle class lifestyle and support a growing family on just that one income.  Sadly, those days are long gone.  Today, American men live in a world where their labor is not really needed.  Wages are falling because almost any worker can be easily replaced by the vast pool of unemployed American workers that are currently searching for work, and a lot of big companies are shifting labor-intensive jobs overseas where workers only make a small fraction of what they make in the United States.  American workers (especially those without much education) are considered to be expensive liabilities in a world where labor has become a global commodity.  So the percentage of working age American men that have jobs is likely to continue to decline and wages are likely to continue to stagnate as well.

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Hyper Report 03/01/12 – 46% of Young Adults In US DON’T Have Jobs

Source Links for Today’s Items:

Saudi Arabia’s Bullion Reserves Over Twice Previous Estimate…

Russia Accuses US of Meddling in Vote…

Inflation: Not as Low as You Think…

Only 54% Of Young Adults In America Have A Job

US Pension Liabilities

The TSA Is Coming To A Highway Near You…

Energy Secretary Chu Admits Administration OK with High Gas Prices…

Brazil Declares New ‘Currency War’…

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