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IPFS News Link • Economy - Economics USA

2011 Is Going To Be Another Ugly Year For America's Middle Class

Over 42,000 factories have closed since 2001 We have literally seen tens of thousands of American factories close down permanently over the past decade. Since 2001, over 42,000 U.S. factories have closed down for good. We now have hordes of highly educated young people that are waiting tables and that are welcoming customers to Wal-Mart. Without good paying jobs there is no middle class, but today American corporations are actually creating more jobs overseas than they are inside the United States. This has helped pad the profits of the big corporate fatcats, but it has been devastating for middle class communities across the United States.