Millions of these low-wage and low-skilled jobs will never be replaced after the next recession, due in part to mega corporations swapping out these jobs with automation and artificial intelligence.
By Tyler Durden
53 Million Americans drowning in cycle of low wages and debts
It’s the“Greatest Economy Ever,”right? Well, it depends on who you ask.
For instance, a new report sheds light on 53 million Americans, or
about 44% of all US workers, aged 18 to 64, are considered low-wage and
Many of these folks are stuck in the gig economy, making
approximately $10.22 per hour, and they bring home less than $20,000 per
year, according to a Brookings Institution report.
An overwhelmingly large percentage of these folks have insurmountable
debts if that are student loans, auto loans, and or credit card debt.
Their wages don’t cover their debt servicing payments as their lives
will be left in financial ruin after the next recession.How American Water Works Is Rebuilding U.S. Water Infrastructure
While the top 10% of Americans are partying like it’s 1999, most of
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