Select Trends in the U.S. Economy

There are several trends in then U.S. economy that would seem to support development of a hollowed-out middle class and sustained large number of poor and long-range unemployed citizens. Even more concerning is the trend toward production outsourcing with some 85% of large corporations already working those cheap laborers abroad. While a New Yorker averages 16 bucks for labor a Chinese and Indian worker get far less than one dollar an hour. As that trend matures the United States will have few good paying jobs beyond the professional core supporting a plutocracy. If foreign production imports collapse so will the hollowed U.S. economy of service workers.

England may be able to have a service-oriented economy because it's a fairly small country. The United States has a large portion of a continent though and with a population of low skilled illegal immigrants increasing the demographic majority of those Americans numbering more than 230 million already that get only 15% of national income if production overseas in the BRIC nations stops because of war to unforeseeable climate related disaster the consumer supply chain will be cut off. A vast economy so reliant upon foreign production for life support is not only unnecessary it also comprises a national security threat.

With China increasing its economy at a 6% annual pace even during a global neo-recession and with a population of over a billion the United States would experience Chinese leverage on its political economy if the U.S. economy were actually good for the prospects of the majority instead of the global Plutocracy. Of course the U.S. economy is developing to benefit a planetary Plutocracy rather than the majority of the people of the United States today. It is improbable that some sort of substantive disruption of smooth global supply lines will not develop in the decade ahead. And equally bad is the fact that if it does not occur the economical outlook for the majority of American may continue to decline.