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40 Percent Of U.S. Workers Make Less Than What A Full-Time Minimum Wage Worker Made In 1968

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1968 Shelby GT350 - Photo by Ben CossitorAre American workers paid enough?  That is a topic that is endlessly debated all across this great land of ours.  Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation.  Back in 1968, the minimum wage in the United States was $1.60 an hour.  That sounds very small, but after you account for inflation a very different picture emerges.  Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today.  And of course the official government inflation numbers have been heavily manipulated to make inflation look much lower than it actually is, so the number for today should actually be substantially higher than $10.74, but for purposes of this article we will use $10.74.  If you were to work a full-time job at $10.74 an hour for a full year (with two weeks off for vacation), you would make about $21,480 for the year.  That isn’t a lot of money, but according to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today.  So that means that more than 40 percent of all U.S. workers actually make less than what a full-time minimum wage worker made back in 1968.  That is how far we have fallen.

The other day I wrote an article which discussed the transition that we are witnessing in our economy right now.  Good paying full-time jobs are disappearing, and they are being replaced by low paying part-time jobs.  So far this year, 76.7 percent of the jobs that have been “created” in the U.S. economy have been part-time jobs.

That would be depressing enough, but what makes it worse is that wages for many of these low paying jobs have actually been declining over the past decade even as the cost of living keeps going up.  The following is from a recent USA Today article

In the years between 2002 and 2012, real median wages dropped by at least 5% in five of the top 10 low-wage jobs, including food preparers and housekeepers.

So where have the good jobs gone?

Well, there are three long-term trends that are absolutely crushing American workers right now.

First of all, thanks to our very foolish politicians American workers have been merged into a global labor pool where they must directly compete for jobs with workers on the other side of the planet that live in countries where it is legal to pay slave labor wages.  This has resulted in millions upon millions of good jobs leaving this country.  Big corporations can pad their profits by taking a job from an American worker making $15 an hour with benefits and giving it to a worker on the other side of the globe that is willing to work for less than a dollar an hour with no benefits.  Our politicians could do something about this, but they refuse to do so.  Most of them are absolutely married to the idea of a one world economic system that will unite the globe.  Unfortunately, the U.S. economy is going to continue to lose tens of thousands of businesses and millions upon millions of jobs to this one world economic system.

Secondly, big corporations are replacing as many expensive workers with machines, computers and robots as they possibly can.  As technology continues to advance at a blistering pace, the need for workers (especially low-skilled workers) will continue to decrease.  Unfortunately, the jobs that are being lost to technology are not coming back any time soon.

Thirdly, the overall U.S. economy has been steadily declining for more than a decade.  If you doubt this, just read this article.  As our economy continues to get weaker, the lack of jobs is going to become a bigger and bigger problem.

And as our economy systematically loses good jobs, more Americans are forced to become dependent on the government.

Back in 1979, there was about one American on food stamps for every manufacturing job.  Today, there are about four Americans on food stamps for every manufacturing job.

When I first found that statistic I was absolutely stunned.  How in the world can anyone out there deny that the U.S. economy is collapsing?

But as I mentioned above, it isn’t just that the number of jobs is not what it should be.  The quality of our jobs is declining as well.  For example, one study found that between 1969 and 2009 the wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.

That is a pretty stunning decline.  And it has only accelerated in recent years.  Median household income (adjusted for inflation) has fallen by 7.8 percent since the year 2000, and the ratio of wages and salaries to GDP in the United States is near an all-time record low.

Most Americans are finding that their bills just keep going up but their paychecks are not.  This is causing the middle class to wither away, and most families are just trying to survive from month to month at this point.  In fact, according to one recent survey 76 percent of all Americans are living paycheck to paycheck.

So where do we go from here?

To some people the answer is simple.  They say that we should substantially raise the minimum wage.  And yes, that would definitely make life a bit better for lots of low paid workers out there, but it would also have some very negative side effects.  A substantially higher minimum wage would mean higher prices at retail stores and restaurants, and it would also greatly increase the incentive that corporations have to replace American workers with foreign workers or with technology.  We already have rampant unemployment in this country, and right now there are more than 100 million working age Americans that do not have a job.  We certainly don’t want to make that worse.

So raising the minimum wage would not solve our problems.  It would just redistribute our problems.

What we really need to do is to return to the principles that once made this country great.  In early America, we protected our markets with high tariffs.  Access to the U.S. market was a privilege.  Foreign domination was kept out, and our economy thrived.

It is definitely not “conservative” and it should not be “liberal” to stand by and watch millions upon millions of our good jobs get shipped over to communist China.  We need more “economic patriots” in America today, but unfortunately they appear to be a minority at this point.

And once upon a time the U.S. economy was actually a free market system where rules, regulations and red tape were kept to a minimum.  Our nation blossomed under such a system.  Sadly, today we have become a nation that literally has millions of laws, rules and regulations.  The control freaks seem to run everything.  In fact, the Obama administration recently forced one small-time magician out in Missouri to submit a 32 page disaster plan for the little rabbit that he uses in his magic shows for kids.  That is a very humorous example, but it is a perfect illustration of how absurd our system has become.

Another thing we could do to turn this around would be to get rid of the IRS and the income tax.  Did you know that the greatest period of economic growth in U.S. history was during a time when there was absolutely no income tax?  If you doubt this, just read this article.

And of course probably the most important thing that we could do for our economy would be to get rid of the Federal Reserve.  The Fed is a massive Ponzi scheme and it has played a primary role in creating almost every single financial bubble in the post-World War II era.  Right now we are living in the greatest bond bubble in the history of the planet, and when that Fed-created bubble bursts the pain is going to be absolutely excruciating.  In addition, the value of our currency has declined by over 96 percent and the size of the U.S. national debt has gotten more than 5000 times larger since the Fed was created.  The Federal Reserve is at the very heart of our economic problems, and we desperately need to shut it down.

Unfortunately, our politicians are not even willing to consider these solutions, and most Americans are way too busy watching Toddlers & Tiaras, Honey Boo Boo and other mindless television programs to be bothered with the real problems that our country is facing.

So needless to say, the great economic storm that is coming is not going to be averted.  Most of the country is still asleep, and most people are going to get absolutely blindsided by the economic nightmare that is rapidly approaching.

  • Rodster

    All well and good but as the saying goes, “the train has already left the station”. Thanks to the corrupt and criminal politicians in Washington, we are now past the point of no return.

    • Mondobeyondo

      One can only hope and pray, that this “train” does not end up like the recent tragedy in Spain.

      In that accident, the conductor apparently was going too fast around the bend. In our case, there’s no conductor at all.

      • Graham

        Or somebody had hacked the automated speed control system disallowing the driver to maintain full control and slow the train as for that section.

        Research his initial comments to those who arrived onsite. The mainstream media have not reported on everything. Rather, they would prefer the viewer to be led by the “speeding driver” theory.

        Noticed the number of Christians that have recently been killed in accidents, whether by bus or train?


      • Junior

        Its a done deal. It is inevitable.

    • A D

      They could ‘fix it’ but they have no intention to do so. In the end America will fall, and the same people said morals don’t matter nor does the Bible…

      • Graham

        America “fell” a long time ago. What you are witnessing now is the final stages of the “takeover”.

        The average consumer was purposely blinded into not seeing the signs. They actually became a very convenient catalyst. What many “made out of it” is being systematically taken away from them.

        Everything is going to plan aside from a few mishaps and inconveniences. As the majority cannot join together the correct dots, the elite (and their masters) will continue unabated.

        Do not disarm “voluntarily”.

    • Graham

      Washington is a chess piece, not a chess player. Until the “players” who control the board game are properly identified, little will change for the benefit of the citizen.

      Cause and effect. Addressing the symptoms doesn’t necessarily identify the underlying cause.

    • lois752

      what Pamela explained I’m startled that anybody can earn $7106 in 4 weeks on the internet. did you look at this web page w­w­w.K­E­P­2.c­o­m

    • David Hurwitch


      • Joseph E Fasciani

        Which means their Plan is going well enough, for them. It doesn’t matter what We, the Sheople think or say, only what we DO!


    Michael- I agree with you that “most of the country is still asleep.” However, I think there is a growing recognition of the significant financial woes the U.S. faces. That being said, plenty of those “awakened” turn to “mindless television programs” as some sort of “comfort food” for the mind. It’s just “easier” for them… at least for now.

    • 2Gary2

      Time warner cable is blacking out cbs/nbc. I told them to keep blocking this out as it is trash anyways.


        Too funny.

  • Failsafe

    If part-time jobs is called “a recovery”, then I can stuff 40 dollars in cash in my size 10 shoe.

    Well back to bagging groceries..I need to make my 8 dollars an hour.

    • Failsafe

      40 million *

  • rentslave

    I worked for that $1.60 wage in high school in 1968,as it just jumped up from $1.40 in 1967.That was an increase of over 14 per cent.

  • K

    Michael the only thing we differ on. Is you believe politicians have bungled us into this situation. I believe this is all part of a plan, that has been in the works for a very long time. As long as the 80% who are in a coma. Keep returning the same people to office, nothing will improve. They blame it on normalcy bias. I prefer what they used to call people who could not deal with reality. Crazy, and in need of treatment.

    • 2Gary2

      I am doing everything I can to vote paul ryan out of office,. These dumb MF in WI keep voting this POS in.

      • Mondobeyondo

        Then why do they keep voting Ryan in office? Are there any other candidates running to oppose him?

        • 2Gary2

          there are a lot of gerrymandering going on and a lot of DMF in Waukesha countyu

      • Rufus T Firefly

        And who are you working to get elected to replace Paul Ryan. Maybe some politicians from the most liberal city in America, Detroit? They have worked wonders in the Motor City the last half century

        • SafetyViking

          A Groucho Marx fan, I take it?


        • 2Gary2

          Rob Zerban who actually owned 2 successful small businesses and has not been on the gov dole like Ryan has his entire life and is not the career politician ryan is.

      • K

        Gary I understand, but it is not any one person. Both parties are corrupt. Throw every last incumbent out. Yes a bit extreme. But until they understand no more cushy jobs, until they represent the people. Nothing will change. The slogan should be, time to flush the toilet in D.C.

        • Sequoia

          Well said K

        • sharonsj

          Yes, both parties are corrupt, but the Dems are ineffectual while the Repubs are crazy. Most need to be thrown out–but it is worse at the state level, where the Repubs are busy getting into women’s wombs and keeping people from voting. And before you start calling me a baby killer, I have four words for you conservatives: “Where are the jobs?” You can repeal Obamacare 39 times and defund ACORN (which doesn’t exist) 13 times at a $50 million cost to taxpayers , but you can’t find the time to pass a jobs bill.

        • 2Gary2

          both are corrupt but the republicans are way more so.

          • Hammerstrike

            On the contrary, the dems are the ones who are more corrupt.

          • 2Gary2

            regardless quibbling over which is worse is akin to rearranging the deck chairs on the Titanic.

          • Hammerstrike

            The dems are still the ones that the rich supports the most.

            Difference between rich and poor increased faster under Obama than under Bush Junior. )

    • aper

      The system is broken! Anybody new that would get elected would sell out to the same interests that the current crop of politicians have sold out too..

  • 2Gary2

    The solution is easy–The 1% aided by both parties (but way more so conservatives are to blame) have been stealing workers productivity gains for the last 30 plus years. We need strong unionization to force employers to increase pay along with productivity.

    I heard on a radio show a guy calling to say his dad drove dump truck in the early 1970’s and it paid 13 per hour. That same job today still pays 13 per hour. The pay was good in the 1970 but not so good now.

    We are having wage theft by the 1%. All the gains from productivity increases are lining the 1% pockets.

    • jokyjo

      If the solution was easy then our problems would have already been solved. TPTB will not relinquish their power so easily. The corrupt banks, corporations, and politicians will not help fix our country or restore our rights. We the people must rise up and reclaim our country. Unfortunately, I believe the solution will not be so easy.

      • 2Gary2

        I meant to say the solution is simple but not easy. Thanks for the correcting.

    • pqibex

      It is very simple..ask one question
      Where does most of the money go?
      when companies hide behind the statement
      it’s all about the shareholders..i’ll quote George
      WE ain’t in the club
      The money is still here it just ain’t trickling

    • Hammerstrike

      Incorrect, if you take inflation into account, total production have declined…

      I read that the US is 3 times weathier than in the 1970s but when I calculate using inflation calculators (official numbers), the dollar is worth over 5 times less, the us and a IS poorer, less productive today than 40 years ago.

      • 2Gary2

        what you are saying then flies in the face of what is common knowledge.

        • Hammerstrike

          No, common knowledge wouldn´t ignore inflation altogether.

          If you ever bothered to check it out, the real rate of inflation is much higher than according to official governement statistics.

        • Hammerstrike


          Inflation is a fact.

    • Bad_Mr_Frosty

      Yes comrade, a workers revolution.


  • 2Gary2

    FYI to all–if you use firefox there is an extension called “push to kindle” that will send these articles to your kindle for easier reading and more portable reading. Whatever article you choose to read will be sent. Google for more info.

  • 2Gary2

    Michael–I am selling indulgences on Craig’s list. Think I will make any sales?

    • davidmpark

      Just don’t post any photos for gentleman’s literature. No freebies!

  • Mondobeyondo

    Ah yes, 1968. I remember it well… well.. well, I don’t remember it at all because I was 2 years old then.

    That was a tough year. Vietnam, student protests, a couple of really popular leaders got shot (MLK and RFK – some people refer to Bobby Kennedy as “the best president America never had”). But even in those awful times, we had hope. Men would land on the moon in the following year.

    At least we still had an industrial-based economy then. Today, in 2013, it’s Walmart and Cosco that pays the bills. What do you mean, they don’t pay the bills? That’s why you need a 2nd or 3rd job.

    In 1968, a dollar was still worth something.

    • El Pollo de Oro

      Remember the 1960s show “The Fugitive”? Starred David Janssen as a doctor wrongly convicted of murdering his wife? While he was on the run from the cops and went about trying to prove his innocence and find the real killer (a man with one arm), he worked numerous temp jobs (everything from bartender to operating a forklift) and was never unemployed for long. Whatever job he applied for, he got. I was recently joking that it was easier for a fugitive on the run for murder in the 1960s to find work than it is for a college graduate to find work in 2013.

  • davidmpark

    Well, if this isn’t what the American people wanted, then they should fix it. Simple as that.

    The leaders that do these things are a symptom of the society that gave them their power.

    Fix it.

    • I wonder how many people still believe that we have a government of the people, by the people and for the people. This is the kind of simpleminded retard that government school produces.

      • davidmpark

        Simple minded retard? That’s your argument?

        The answers are that simple. It is the simple, common man that will save this nation and economy. The man who has a need that can’t be fulfilled that goes out to learn for himself how to fill it, does the work to solve his problem, and then finds the work fits him well enough to earn his living.

        And if I may be so bold, normally when someone does a hostile comment, normally they use projections of their own shortcomings to accuse others of the same sin.

        Just somethings to think about. 🙂

        • When you can’t win the argument, try to change it.

          The American people did not want the 1965 immigration act, the “great society” spending, massive Fed printing, NAFTA, CAFTA or the work and student visa programs. Our society did not demand, want, need or empower the government to do these things – it came from the “ruling class” of banksters, and unless and until they are dealt with, the “simple, common man” won’t be able to save himself, let alone the whole country.

          But you proved my point; you don’t even know where these attacks are coming from even though it is clearly stated in the article that you supposedly just read and has been the subject of this entire blog.

          My hostility is not directed at you specifically, but at every product of our failed education system that refuses to learn the truth, even after reading it. I fear that Michael’s work here is falling on deaf ears, and minds that are too retarded to receive it.

          • davidmpark

            I did not prove your point. Your point is that many people are stupid retards and making such a simple statement proves it on my part.

            You have anger issues – that’s your problem, not mine. And when people think that hyperbole and rhetoric makes things happen… well, I prefer to be man of action.

            If you don’t like the way the country is; then fix it your way. Being a warrior class III (whatever that’s supposed to mean), well, it ought to be easy. 🙂

          • Once again, rather than support your position, you raise a strawman argument. You said “The leaders that do these things are a symptom of the society that gave them their power.”

            My point was that there was a total disconnect between “the leaders” and the people and I gave examples to support my position, while you have not provided any support for your stupid statement.

            The point about you being a retard is once again established by your continued failure to support your position or even be able to stay on point.

            You may be “a man of action” but if your actions are as confused as your thought processes, no doubt you are still in the proverbial paper bag.

          • davidmpark

            Uh huh. Well, why didn’t say all that good stuff earlier without the egotistical attitude – would’ve saved a lot of time.

          • There was nothing egotistical about it. I simply made my point that we no longer had a representative government, in contrast to your statement, and then simply watched you prove my point about forced government schooling.

  • Mondobeyondo

    America is in a clear decline. It was prophecied long ago in the Bible. Call it the “Holly Babble” all you want, but the Bible speaks the truth. Will we recover from this tail spin we are in?


    • SafetyViking


      • Rodster

        While not referencing America Matthew Chap 24 speaks of a time in world history where there would be famine, pestilences, wars, reports of wars, earthquakes and critical times hard to deal with.

        The Bible also speaks of a time where men would be lovers of themselves and money. There would also be a breakdown in love for one another as referred to as a “lack of natural affection” towards one another.

        • SafetyViking

          OK. Just checking. Then again, they said the same thing about the “Roaring Twenties”….

          • Rodster

            True and point well taken but these times are different because A) You are witnessing a total breakdown in society. Sure you had your Lizzy Borden’s but that was pretty rare. Today you can’t help but read everyday of some of the most evil things people are doing to one another.

            B) The Bible was pointing to a time when all these things would HIT mankind all at once and would be painfully obvious to see.

          • Rodster

            EDIT: I meant to say a “global breakdown in society”.

          • SafetyViking

            Right. I have no doubt that mankind WILL reap what they have sewn. I’m still waiting for the earthquakes, etc to hit in an unprecedented fashion…

          • Rodster

            I have read that earthquakes both in the 20th and 21st century have spiked in power and devastation.

            Aside from that the key is “critical times”. I can’t recall a time where humankind is at the cusp of eliminating one another. We have the potential of a global economic collapse which would be the equivalent of “financial armeggedon”. The thought of commerce completely shutting down while TPTB enslaved us to their “grid” where we are dependent on them for food, water, clothing and basic necessities of life. In the Depression era people did not rely on the govt as much because they had friends, family, churches, neighbors.

            We have been isolated in large part by TPTB. Then ad Agenda 21 which according to the UN they want to eliminate 90% of the world’s population because they think we are ruining it. Then you have Govt’s spying on it’s own people because they want to prepare for the time when the SHTF. I think those in a nutshell are what the Bible may have referred to as ‘critical times hard to deal with’.

            So it’s not just earthquakes but a COLLECTIVE GROUP of signs all hitting mankind at once. 😉

          • SafetyViking

            I find you both erudite & compassionate. You definitely raise some valid points…

          • Rodster

            And I always welcome intellectual debate ! 🙂

          • SafetyViking

            As do I. Cheers!

        • Hammerstrike

          These things, wars, famines, reports of wars, happened all the time back then.

        • James Godson

          Daniel 12:4 4 “But you, Daniel, shut up the words, and seal the book until the time of the end; many shall run to and fro, and knowledge shall increase.” is a great indicator that we are in the time of the end since there are thousands flying in airplanes going ‘to and fro’ and it was only 150 years ago that our fastest means of conveyance was the horse and buggy so knowledge has definitely increased exponentially since then.

  • Den

    The transfer of wealth, technology and jobs from West to East, particularly China, has already been completed. This all began under FDR and Truman, then Johnson (War on Poverty), Nixon, Reagan, Bush senior, Clinton, Bush junior, and culminating in the finale: teleprompter Obama, the end to our Constitutional Republic. The politicians did not bungle anything. They simply sold us out to the FED, central banks, elitists, public employee unions, corporations, illegal aliens, etc. to enrich themselves and destroy the American middle class. The middle class is what made America great!

    Just beware when you hear the words: “Executive Order.” That tells you the Republic is dead.

    In ending, my cousin, who is a former teacher, told me two weeks ago that “the US is the richest nation in the world.” I looked at her and said, “Far from it and I am sorry to disappoint you, but the US is the largest debtor nation in the world today.”

  • Naples Florida

    What made the middle class in America? Manufacturing jobs post World War II. Most Americans had only grade school or high school education but had a home, a car, and the wife stayed at home with the kids.

    • Azrael

      What made the middle class in America? Resources bought for peanut money or downright stolen following World War II and commerce tariffs for imported goods while our products were given a free pass courtesy our military and political strong-arm mandate. Americans had only grade school or high school education but had a home, a car, and the wife stayed at home with the kids only because everything was far cheaper than it should have been.

      • Azrael is the perfect example of a failed education system.

        • Azrael

          Nice, an ad hominem attack. Why i’m not surprised?

    • A high school education in 1968 was more academically rigorous than is a college degree in 2013. The Immigration Reform Act of 1965 had just started and no one ever heard of NAFTA or CAFTA, and the Fed was just kicking in with printing for all the social programs that were going to eliminate poverty forever, which of course would lead to Nixon taking us off the gold standard just three years later.

      There were many people sounding the alarm back then, Barry Goldwater, Murray Rothbard, Ayn Rand, F.A Hayek and others.

      But no one was listening then, and few are listening today. It only gets worse from here.

      Got militia?

      • Hammerstrike

        youtube.c om/watch?v=6IDWMy2yEpY

    • David Hurwitch

      Its called opportunity. The Germans understand how to take advantage of it and America is missing the boat. First education, education. Second where we are world leaders we must maintain our position. Where we have an opportunity to become world leaders or to do something better than any one else in the world we must pursue it like a laser. We must compete at the top end because we can’t at the bottom. We can’t do it as cheep but we can do it better.

  • chilller

    Introducing…TPP…the Trans-Pacific Partnership…the next American job killer our corporate run gubermint has devised. It’s obvious they are attempting to kill off our jobs…but to what end? Since they only have 3 tools with which to work, intimidation, manipulation and provocation…I’d guess they are provoking us to physically fight back in order to carry out a martial law type scenario.

    • Oh, I don’t know. How many times now have they bitch-slapped Americans and the only response is to complain and threaten to vote them out, or go buy a gun they have no will to use?

    • Hammerstrike

      Cheap imports masks the decline of living standards.

      No, if that was the case they would organize “black ops”, organize their own terrorist attacks instead of just waiting.

  • seth datta

    People in the past made high wages due to easily availible oil, less government corruption, and a larger ratio of young to older people.

    Now the oil must be imported as shale requires energy to get at, there is more government corruption and there are more older people with health conditions and welfare to be paid than younger people as a ratio.

    So the younger generation being last on the ponzi scheme is utterly scr@wed and cannot afford to pay SS/disability/welfare. This system will go broke in a decade. Not to mention that fiat currency with its associated debt is unpayable.

    • Hammerstrike

      It also means peak blood.

      The parasites not getting enough blood to sustain their scheme, no matter how hard the squeeze the host, unless they turn on each other…

  • Daniel Cloud Montgomery

    I’m so glad I blew dozens of thousands of dollars on college instead of getting real experience. It’s great to make less than my friends who scoffed at college. They were the intelligent ones.

    • Rodster

      Sorry to hear that Dan. I grew up in the age where High Schools doubled as Technical Schools. I got my education in electronics for free.

      I have been self employed since 1992. The Ponzi Scheme known as College is nothing more than that. It’s a way for the Govt and Banksters to GENERATE interest on our unsuspected youth with the promise they will get a g00d-great paying full time job. Those days are over as those jobs have been shipped overseas.

      High School kids are hoodwinked into falling for the scam, while paying tens of thousands of dollars in student loans for jobs that DON’T exist. That’s the sad reality that both the Gov’t and Federal Reserve are both in on this CON GAME. Unless you are planing to enter a HOT JOBS market and college is necessary with the plan that you will make a ton, more money to quickly pay off your loan then my advice is to look elsewhere.

      I serviced a vehicle for a young couple and the wife told me both here and her husband are in debt for close to $375K in student loans. He plans to be a Dentist and they have to work as assistants while trying to pay back all that money.

      • Zen

        You are right on target here. There is a way to get a college education to pay off though. First, only go to college if you have a specific well paying career in mind, such as a medical doctor, engineer, accountant, etc.

        Second, be willing to move anywhere that the market is hot when you get out of college.

        Third, figure out a way to get your education without going into great debt. This can be done by going to smaller in-state schools and community colleges while working part time & summers, preferably in a job that will give you some experience in your future profession. You could do some military service so they pay for much of it. Find scholarships to help pay the way. There are even employers who will help pay for your education.

        Forth, Study hard and get in and out of school as fast as you can while living as inexpensively as possible. This may be your most important step as it will teach you the value of money.

        • Truelitistnot

          Engineer no good really anymore. Senior engineers in America are too damned greedy to bother offer training to grads and juniors, and many of the junior and grad engineer jobs are either being offshored or replaced with h1b1 VISA imported slave labor and destroying the pay scales.

          • David Hurwitch

            We were once the world leader in graduating engineers now we are not even close. We were once the world leader in graduating students from college. Now most European countries graduate way more on a percentage basis.

        • David Hurwitch

          Even smaller in state schools are becoming more expensive. As two year colleges see huge influxes of students their costs will shoot up. First can’t have costs accelerate at multiples of the stated rate of inflation or GDP over long periods of time or they become unsustainable. A recent Cornell study showed the cost of going to a tier one school stands at $220.000 for four years. Plus is likely to rise to $330,000 in less than a decade. The rest of the world does a better job of controlling costs than we do. Finally colleges and high schools have to step up and a much better job of helping students pick careers that will be in demand when students graduate. Not just grab the money and run. Also President Obamas idea of grading and making public which colleges bo the best job with placement is key. Creating that type of competition will perform underachievers to do better.

    • Bad_Mr_Frosty

      I didn’t want to go to college, but my parents forced me. I was 16 when I signed my student loan papers. I had no idea what I was getting into, I just knew it wasn’t what I wanted to do.

      • Robert (qslv)

        That’s horrible, Frosty. Too bad you didn’t bug out and live in someone’s basement, LOL. I dropped out of college after 6 weeks to pursue chicks, music + erb. finally grew up at 35 and got a job stuffing parts in PC boards. Went to school at night one course at a time on the pay as you go plan. By the time I got enough credits for a degree, I had a high-paying job with a retirement plan and all the overtme I could shake a stick at. Bought my house cash and now ready to retire with a pension and my own GTFO stash. Never got the degree, by the way. Now I don’t need it.

        • David Hurwitch

          You and I were very lucky. We walked through doors of opportunity. Those doors are closing for way to many American kids. Now that we are retired and have the time we n must become part of the solution so those doors reopen rather than continue to close.

  • markthetruth

    We pay more for a TV then what that beautiful Cobra Mustang Cost at that time. Except i like Blue.

    the end…

  • Josh

    What about the argument that the poor here still have it better than the developing world? Plus I just returned from Kenya where they and other developing countries lives are greatly improving.

    • Bad_Mr_Frosty

      That'[s because we are giving them hundreds of millions of dollars every year.

      “Foreign Aid” is international welfare.

  • pqibex

    I am afraid it won’t change until someone swipes their EBT card at wally world the first of the Month and it is declined

  • Darin

    Perfect! Great article Michael. On the money. If a presidential candidate would take the idead of this article and get it to the people they would be unstoppable. Unfortunately they could never get into the running. You mentioned free markets. Somehow the “conservative” politicians have come to see “free trade” as a part of “free markets”. Unless we pull back from this global system we are sunk. Thanks again for the truth!

  • SafetyViking

    If you don’t adapt, you die. True in the animal kingdom, true for humans that don’t keep up with changes in the workforce, technology, shift away from manufacturing jobs, etc.

    • Truelitistnot

      America is adapting alright; adapting right into picking up cans out of the trash, adapting to buying cheap crap, adapting to way less travel, adapting to being poor, adapting to record welfare, adapting to stealing, etc.

      • SafetyViking

        No argument there. Just the ‘wrong’ kind of adaptation…

  • Lakeside

    Here’s a little song I did back in 1984 “Machines, Computers and Robots Too” copyright 1984.

    We’re reaching for that faster speed
    We think that’s all were ever gonna need
    Machines, computers and robots too
    Have changed the future for me and for you.

    We’re pointing aimlessly into space
    We think it’s gonna help the human race
    The politicians and the taxpayers too
    Think that all of our dreams will come true

    Machines, computers and robots too
    Have changed the future for me and for you
    Machines, computers and robots too
    Have changed the future for me and for you

    We’re gonna live in the fast lane with no one else to blame, machines, computers and robots too, have changed the future for me and for you

    It’s always something that had to be, throughout life their is always a destiny
    It’s self-inflicted it comes from within, no one knows quite how it begins

    Machines, computers and robots too, have changed the future for me and for you
    Machines, computers and robots too, have changed the future for me and for you.

    Hope you enjoyed, sounds better to music!

  • JustanOguy

    “….where they must directly compete for jobs with workers on the other side of the planet that live in countries where it is legal to pay slave
    labor wages.”

    And their cost of living is MUCH, MUCH lower then what it is in the U.S. What you may consider “slave wages” is actually a decent living in those countries which is why their middle class is growing while the middle class is getting decimated in the U.S.

    “….thanks to our very foolish politicians.”

    If Americans are stupid enough to pay $100 for things that only cost $5 to manufacture in China and continue to elect Politicians that bury this country in debt (resulting in the cost of living skyrocketing) …. They deserve the government they elect.

    Sadly…. we all end up paying for the stupidity.

    • Gay Veteran

      you ignore the gross amount of pollution in countries like China which is literally poisoning the air, water and land

  • DJohn1

    I am one of those people that chose a trade over going to college. My brother went to college. I made over 2 times what he did over my career.
    I enjoyed what I did.
    At this point in time, starting over is the only option for this country. To do this they have to stop doing what they have done for the last 50 years or more. That is they have to do away with foreign aid.
    I would suggest that they follow the principles set down in the old testament in proverbs. Seriously doubt they are intelligent enough to do this.
    I stayed home until I got married. That is biblical.
    My brother didn’t.
    I married late in life at 26.
    I served my country first in the military.
    I bought my first house after I married and did it on the VA Bill. Also got help with finances serving my apprenticeship from the VA.

    I took an apprenticeship very late in life at 25.
    I have found that following the lessons in the Bible give prosperity.
    The key to wealth is tithing to your church and following God. The more you are able to give the wealthier you will become. Don’t know why but it is true.

    The key to emotional health is to follow the principles of Jesus. Forgiveness is not easy when you have been wronged.

    None of this is easy to do. When I failed and we all fail it was because I failed to follow the lessons of proverbs.
    Those that deny these principles will fail.
    Those that deny God will be denied protection by God. And that is the problem. These people in charge are trying to be neutral when it comes to God. They are denying the basic principles this country was founded on and it shows.
    But they are not entirely to blame. They were taught by a school system that is supposedly neutral but in reality is humanism and denies God in its nature. Science is their God.
    Money is the God of many.

    We all need money to live in this modern world. It shouldn’t be worshipped.
    The companies worship it. They choose money over morales and ethics. They sell people down the river and hire third world people to work their factories. Eventually their factories will be stolen by governments at war. History teaches us or we end up learning by experience. Experience is a very hard teacher. These corporations will learn the hard way that they have sold themselves down the river as well.
    The problem is we have put these devils in charge of our country. Until we take this country back from these devils then we will suffer the consequences.

    • Gay Veteran

      “…The key to wealth is tithing to your church….”
      your parasite preacher loves that

  • Cincinnati Dave

    Michael – I believe each and every article that you write. Can you write an article on what steps to take to “hunker down”. You have made your point several times over in reference to the slow collapse of our economy and have proven it several times over with graphs/chats etc. I am a 58 year old married empty nester with about $300k set aside for retirement and a $200k mortgage. I have a feel for what I should do but would be interested in how you would personally prepare for what is coming.

  • A D

    Jesus is the answer to ALL of this world. However, man does not want to be accountable to God.

    The last experiment of Communism is almost in place in the USA what is left of it.
    2 Timothy 3 NKJV explains it all

    • Boo-urns

      Explain how Jesus is going to raise peoples’ salaries. Go ahead, I’m waiting…

      • A D

        So you are going to trust mere ‘man’ and put faith in that?????
        Without Jesus you are floundering in the wind.

    • Hammerstrike

      Josuah doesn´t run a welfare office.

  • frank1569

    Minor tweak:

    40 hours per week means 37.5, minus unpaid lunches. And our BLS reports the average work week has been cut to 35 hours.

    Using those real numbers, at $10.74/hour, a worker will gross only $18,800 per year, not $20,000.

    So, even if ya had 2 full-time jobs at $10.74/hr, you’d only gross $37K/year, about $32K net.

    Perspective: average cost of raising one child from birth through college? $460K, or about $22K per year. The CEO of the Big Corporation I work for earns $22K every three hours.

  • A D

    Socialized healthcare is the finishing touch, the death panels are real. If you are under 2 and over mid 40’s forget it. You are not productive, no different than the wonderful USSR. It was so wonderful of how many tens of millions were sent to GULAGS and elimination to the Secret Police.

    • Hammerstrike

      Curious that the USSR could pull that even as a pre-industrialized, mainly agrarian country.

      1871 France was more industrialized and more urbanized, had an older state bureaucracy than the Soviet-Union when it was founded, yet the latter would have been able to deport a population the size of the latter, that without major revolts and guerilla warfare.

  • A D

    Over 55% of the people along with MILLIONS of illegals are receiving trillions in freebies. The politicians know granting amnesty is a FREE pass to being re-elected.

  • Boo-urns

    What is it with all the Bible-thumpers around here? Jeez… we are facing a massive amount of very serious, real-world problems and all you guys can think of is mythology from another millennium? If that’s your state of preparedness you are in for a very rude awakening one of these days…

    • A D

      Jesus is the TRUTH, the WAY and the LIFE. You can put faith in man but it ends in the disaster as we have now.

      • Guest

        “It is better to trust in the LORD than to put confidence in man.”

        Psalm 118:8

        • Hammerstrike

          You promote a culture of dependency.

          Josuah doesn´t run a welfare office, I read he rather help those who help themselves.

          • Guest

            I’m a Christian, and I don’t expect anything for free. I’ve worked for everything I have, though I don’t have much. And I have never owned a cell phone. Imagine that.

            Furthermore, nowhere does the Bible say that “God helps those who help themselves.” So I don’t know where you read it.

          • Hammerstrike

            Bit older than that.

      • Hammerstrike

        Do you see the usefulness in getting ready or do you pray for the lord giving you free cable and mobilephones?

    • Hammerstrike

      They are mixing Obama with Josuah and churches with welfare offices.

  • cracker

    Michael this has been a long process in the making, end game destruction of the U.S. economy and elimination of the middle class. The POS politicos don’t care if the Nation sinks or swims just as long as they get their slice of the pie. If you aren’t preparing now it’s almost to late.

    Good Luck and Good Night

  • freaker

    “40 Percent Of U.S. Workers Make Less Than What A Full-Time Minimum Wage Worker Made In 1968”

    But you’re getting rich freaking out you’re audience…

  • A D

    Americans said the ‘morals’ did not matter with Bill Clinton nor did lying, cheating and adultery. If a man cannot be trusted to uphold his wedding vows how can he be trusted in Office?????
    The same people say the Bible is irrelevant in today’s wonderful ‘broken’ society, you can’t sit on both sides of the fence….

  • Richard Deerfield

    I see they won’t post my comment, guess it hit the target a bit too well. Figures.

  • 18Echo

    “So raising the minimum wage would not solve our problems. It would just redistribute our problems.”

    It wouldn’t even redistribute them. The same people that receive the wage increase must now pay more for everything because the cost of labor went up everywhere. It sure sounds good to voters though and it makes politicians seem like some sort of champion of the low income people.

    The short answer is. We are screwed. Nothing is going to change until it all falls apart. Even then there is no promise of what happens on the other side. Historically, you end up with tyranny, but the US is unique in that it’s citizens haven’t been disarmed yet.

    • Hammerstrike

      Everything falling appart is coming soon.

      The whole scheme depends on every parasite getting their fair pint of blood but we have hit peak blood now.
      Blood is now running out and pressing the host harder only keeps up quantity in exchange for accelerating the decline.

  • A D

    Look at the VAST amount of wealth that built CHINA and other countries up. It is travesty, the Socialist Experiment is almost complete here, without firing a single shot.

  • steve

    I’ve been hearing this same message for many years now. In spite of all the gloomy predictions, nothing ever happens. So I quote Chicken Little: “Awk The sky is falling! The sky is falling!”

    • cpgone

      Right. All the facts Micheal presents here are somehow irrelevant and unconnected with no consequences.
      You must work for the govt.

      • K

        Cpgone, you have a winner. His profile is brand new, and he offers no facts just opinion. Yes he is most likely paid by the Government.

    • GSOB

      Thank the Lord Jesus for the delay and Chicken Little.

  • Becky

    Yeah, people aren’t making as much as they used to, but now they food stamps (47% of Americans) and free Obama phones, so it all works out. Plus, they can collect funemployment – I mean unemployment, for up to 99 weeks. That ain’t too shabby either.

    Unfortunately, this house of cards can’t go on forever, and then it gets ugly.

    • Becky

      they “get” food stamps…

      Sorry about that!

  • FounderChurch

    National Decline by FounderChurch

    Economic decline cannot be separated from other aspects of societal decline. Societies (Nations-Peoples-Religions) decline across the whole spectrum of their parts, and it is reflected in all their institutions at the same time at a steady rate.

    Societies are a package thing, in that they resemble a single human being that is born, and goes through the ages of birth, youth, middle age, and finally old age and death. All of the organs and parts of the body and mind begin to decay steadily as they age and die.

    America is entering the long good night of its old age that presages death. This is a simplification, and yet history shows this pattern again and again. Rome went through this, and all the great powers go through this.

    But, is there no hope. Yes, there is hope, but only if a nation faces up to these facts and does what it can to honor God, stay healthy, in order to live long, and leave descendants that will carry on the values that the nation-people stood for. History shows there are some success stories and some stories of abject ignominious failures.

    Here are some of the degenerative diseases that attack, and finally kill, nations:

    1. Birthrate falls 2. Immigration rises 3. Militarism rises 4. Aggressive wars increase 5. Police State develops 6. Prison population rises 7. Morals fall 8. Belief falters 9. Welfare increases 10. Wealth rises 11. Poverty increases 12. Government grows 13. Taxes Rise 14. Charity increases 15. Diversity increases 16. Families decline 17. Language declines 18. Dishonesty rises 19. Crime rises 20. Imports rise 21. Exports decline 22. Unemployment rises 23. Farming declines 24. Mercenaries increase 25. Words become corrupted 26. Arts decline 27 Drug use rises. 28 Alcoholism increases 29. Inflation rises 30. Currency is debased 31. Unions grow in power 32. Patriotism declines 33. Borrowing grows 34. Saving declines 35. Whining increases 36. Complaining increases 37. Dependency rises 38. Entitlements increase 39. Obesity grows 40. Children rebel 41. Laws increase 42. Sickness increases 43. Education declines 44. Adulterations increase 45. Love of money grows 46 Natural Affections decline 47 Religion declines. 48. Nation become increasingly non competitive generally. 49. Nation lose the will to fight and buys its friends 50. Nation loses all sense of pride, and self respect. 51. No one will die for his country, and no one will live for his family or his God. 52. No one will take the Oath our Founders took: “We hereby pledge our Lives, our Fortunes, and our Sacred Honor.” 53. And the teachings of the Bible are distorted and perverted beyond recognition. Chance of survival? No better than 50-50.

    And so on and so forth.

    Economic Problems generally and the disappearance of “good” jobs is only one symptom among many others of the decline and fall of nations. And they all have to be fixed as a package plan, not piecemeal.

    “FounderChurch” is a non-profit public interest tax deductible religious organization. Volunteer, donate, or bequeath your support to further the Ministerial work of these non-denominational teachings dedicated to serving God and Country.

    A Google search of “FounderChurch” (one word) will bring up 7000 hits. Much needs to be done to perfect this work and your help is needed. to advocate for larger families in service to God & Country! FACT: The Best and Brightest of our young couples are averaging 1.1 children, when under ideal circumstances, it takes 2.2 children for any human population to barely reproduce themselves. This rate represents national suicide, and a genocidal holocaust of our people and nation brought about by narrow Special Interests that have an agenda based on a dislike of America, and all it stands for. Thank You for visiting this teaching. Please Contact: FounderChurch@Gmail.Com

    “Life And Life More Abundantly”

    Google “FounderChurch” for Teachings

    • GSOB


      I noticed that you have toned it down a bit and I praise the Lord for that, FounderChurch.

      It’s real specific, helpful and good to reference His name.

      Remember…, Jesus Christ is Jehovah.


  • PAUL

    At my previous job, the management team was getting paid bonus checks for cutting their labor, and were given a certain amount of hours a week for labor by their company office, there is an almost invisible war going on against the American worker by the corporate world.

  • general knowledge

    Trade Unions are the only way to extract higher wages under the present system. Real Wages today are only about 1/3rd of what they were in 1971, when the US went off the Bretton Woods Agreement.

  • I’m 66. Gas in 1968 (I turned 21) was 35 cents per gallon. At $1.60, I’d get 4.58 gallons of regular. Today, that amount of gas would cost about $16. Just to prove the BLS is full of BS. The fast food workers were right-on when the say they need double. But I agree it doesn’t solve the problem. My friends at Ford in KC were getting $3.50 per hour, starting out. They’d need $35.00 just to stay even. I think car manufactures start out about $17.50 or so. So much for the great middle class. It’s gone.

  • Richard Deerfield

    Appears now they have even removed my posting saying they removed my posting. These clowns are a joke. Good luck trying to find ‘free speech’. Gone in the cloud…It’s over, just a matter of time now. They are laughing their heads off as we are but bacteria to them.

  • Graham

    A very true observation.

  • JoeD

    Wages haven’t gone anywhere while worker productivity has soared. Too many factors in favor of the corporate elite: one-income households that evolved into two, automation, consolidation, and globalization have all conspired to destroy the middle class incomes we all took for granted.

    What is truly unfortunate is most people seem to fail to understand that a vote for either political party is a vote to make oneself poorer.

  • RarefiedSnotress

    I see a statistic on man jobs again.. think what you will, I see it as sexist.. but I guess I have to be grateful that nobody has been railing on about how women have stolen important man jobs.. yet.
    Gotta go now.. I see Michael’s lil attack chihuahuas on the way.. lol.

  • Bad_Mr_Frosty

    Every human population throughout history has had some sort of spiritual belief system. Basic ancestor worship and shamanism being the simplest form of spirituality. There are parts of the brain and types of brainwaves that correlate with prayer and meditation. We are literally hard-wired for spirituality. A non-spiritual human being is an incomplete human being.

    • Boo-urns

      Religion and belief in the supernatural originated through man’s inability to explain the world around him, plain and simple. Why modern humans cling to ancient mythology and fables is beyond me — the only reason you believe any of this is because your parents forced you to, and took you to church where you were further indoctrinated into the cult.

    • Hammerstrike

      Not quiet, shamanism is universal because humans everywhere have had the experience to back it up…

      Even the middle-age christians who believed in 1 supreme deity believed in devils, vampires and ghosts.
      Inquisition noted that mind reading, seeing through into people´s cloths, levitation as sign of possessions.

      1) Humans are not alone in this world.
      2) They don´t know as much about the Cosmos as they believe they do.

  • Hammerstrike

    What about Islam and Judaïsm?

    • Boo-urns

      Pretty much the same, but Christianity rises above them all as the most successful and damaging cult in human history.

      When all of you monotheists come to terms with why you reject and deny all of the gods that humanity believed in and worshiped before Christianity, Judaism and Islam, then maybe you’ll understand why I reject and deny yours.

      • Hammerstrike

        How many christian suicide-bombings?

        False, you are against christianity before being against Isam or Judaïsm because it is politically correct to do so. ) The easiest, least controversial target. D

        Ph’nglui mglw’nafh Cthulhu R’lyeh wgah’nagl fhtagn!

  • Hammerstrike

    In other words, he was a real progressive, not a fraud.

  • Hammerstrike

    Make sure to keep liberal voters out of the areas where things do work.

  • replacement

    This is such bad analysis. For example, the author cites what a FULL-TIME minimum wage worker income in 1968. Then he compares this income to the income of ALL workers now. So he is comparing a FULL-TIME worker from 1968 to full and part time workers today.
    25% of the workers today make less than $10,000. Obviously, most (all?) of these workers are not FULL-TIME. This 25% is a large percentage of the 40% stat the author uses. The author is largely saying that today’s PART-TIME workers make less than 1968’s FULL-TIME workers; this is a meaningless statement.
    If you want to compare incomes across generations, at least look at don’t compare full-time vs full-time and part-time.

  • TheTruthKillsLiars

    It is a blessing our country is going down the river, it’s the only way to identify the corruption. I wish a random act of nature would wipe out everyone in DC but I guess a revolutionary war will do the same. Kill them all.

  • DelmarJackson

    Not one word about reducing the flood of immigration that was started after the 1965 Immigration act passed.
    Massive immigration is a racket that allows a few that benefit from immigration to pocket the profits and then pass on all the social,economic and environmental costs to our communities.
    The bi partisan Jordan Commission in 1995 studied immigration and concluded immigration hurt the working poor and came up with a dozen ways to end illegal immigration. Clinton applauded their findings and implemented none of them.
    The current amnesty bill will accelerate legal immigration and increase our population by as much as 31 million new workers in the next ten years!
    Income disparity declined after we passed strict immigration limits in the 1920s, and have increased steadily after we increased immigration again.
    I would love to know why you felt no need to mention immigration as a contributing factor to depressing wages of American workers for the last 40 years!

    • Sandbagger

      Other countries require an immigrant to have a job waiting (usually a job that couldn’t have been filled by a natural-born citizen), or else be bringing jobs to that country before they will allow you in.

      Why didn’t the U.S. do the same? I can only think because we set up our immigration (in the beginning) to bring as many here as possible to raise up the U.S. Then it became a place people could escape tyranny. These days, it’s become a place for most to get freebies. 🙁

      We need a reform bill that will shut the door on immigration with the exception of those who will bring jobs here, or else can show they have family already here that will support them.


  • Belden Erhart

    …soon the lot of us will be too broke, too ill and too stupid to be ‘played’ (controlled) anymore…

  • Bearden

    This portion of the article is confusing me.

    “Back in 1979, there was about one American on food stamps for every manufacturing job. Today, there are about four Americans on food stamps for every manufacturing job.”

    Didn’t we have more manufacturing jobs and less people?

  • Bearden

    This portion of the article is confusing me.

    “Back in 1979, there was about one American on food stamps for every manufacturing job. Today, there are about four Americans on food stamps for every manufacturing job.”

    Didn’t we have more manufacturing jobs and less people?

  • David Hurwitch


  • David Hurwitch

    The thing is it does matter what we do. The problem is we don’t care enough to do something. If the middle class goes down the tubes it will be because we failed to act. We need to do what the blacks did only on a much larger scale. Put several million people in Washington, call out our representatives and DEMAND changes.

  • EQ4ALL

    RE: Off-shoring of American jobs
    Our Politicians share in the blame for this, BUT so do all the “Americans” from 20+ years ago who ignored American made products and “Just had to have foreign imported products”! As the saying goes, You reap what you sow….

  • fftr fff

    Thousands of our best and brightest software engineers are dying after they began importing 500,000 Indians with fake degrees every year on the h1-b visa. Apparently no one cares. Wages are now lower than 1994 NOT A DJUSTED FOR INFLATION. If the actually adjust for inflation workers on contracts are being paid just 20% of what they were twenty years ago. This is genocide. People are dying. This is genocide.

  • crom

    yeah, for that wage, they all owned their own homes and cars and their wives didnt have to work, so you know inflation is more than reported. they were taxed less too

  • deanrd

    It was good until it got to “hate Obama”. From 2001 to 2008, millions of jobs were moved to China. When you have Rick Santorum saying the president is a snob for wanting all Americans to have an education to be able to compete and Republican cheering Santorum, you have a problem. A really big problem. And Romney’s solution was to bring in immigrants with degrees. Guess he didn’t think his base was worth educating. He may have been right.

  • dentss

    The key is to understand why real median household incomes continue to decline and then how to correct it. It all comes back to financial policies that incentivize investors to avoid economy-boosting investments and toward financial investments that have no economic benefit. The result is a narrowing of income distribution exasperating the down spiral, while inflating wealth to the already wealthy. As long as these policies remain intact the American quality of life will continue to spiral downward while the wealth at the top continues to accelerate until one day when the top pops off and all that wealth goes abroad.

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