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"Contrary to the rising-tide hypothesis, the rising tide has only lifted the large yachts, while many of the smaller boats have been dashed on the rocks." Joseph Stiglitz, economistAmerican plutocrats and their political lackeys in congress have implemented a plan that's putting pressure on wages and further decimating the already-battered middle class. By sustaining high levels of unemployment over a long period of time, US elites have "restructured the labor force", which is a pretentious-sounding expression that means they've created a permanent underclass that's willing to slave-away at demeaning, part-time jobs for mere peanuts without uttering a peep of protest. This metamorphosis of the workforce has taken place mostly in the shadows, concealed behind a thick fog of state propaganda touting the fictitious "recovery", a recovery in which long-term jobless workers have abandoned all hope of finding gainful full-time employment and resigned themselves to a lifetime of scrambling from one odious task to the next just keep a roof over their heads and the wolves away from the door.
Comment: See also: A million children in Africa suffering severe acute malnutrition after years of drought linked to El Niño