Commentary
While inflation and skyrocketing rents have been grabbing the headlines, there’s a bigger story that’s going on. With the poor and the middle class being forced to pay more at the grocery store, the gas pump, and to their landlords, they’re lining the pockets of the wealthy. There is a huge wealth transfer occurring right now.
While you may dismiss this as business as usual, right now that business is on steroids. Let’s take a look at what’s happening, and what you can do to safeguard your money.
One of the major ways that wealth is being transferred from the working class is in the labor market. Over the past 20 years, large U.S. companies have been outsourcing jobs at a fast pace. Roughly 4.5 percent of American jobs are outsourced every year. In 2021, when the United States created a record 6.4 million new jobs that were based domestically, it also outsourced about 300,000 jobs to other countries….
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta