The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function.
You don't need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that generates the highest value and/or income.
Many of those about to be vaporized did not grasp the fragility of the "prosperity" they assumed was both solid and permanent.
The signs are everywhere for those willing to look: something has changed beneath the surface of complacent faith in permanent growth.
Solutions abound, but they require the retirement of obsolete systems that defend entrenched interests and soul-crushing inequalities.
"The only way to systemically lower costs is to make prevention and transparency the top priorities."
"Anyone who thinks our toxic financial system is stable is delusional."
"If we stop counting zombies, we're already in recession."
If you study these charts closely, you can only conclude that the US economy is doomed to secular stagnation and never-ending recession.
If our faith in the future and our resilience is near-zero, then we can't take any chances.
The key to broadly distributing opportunity and capital is to nurture the source of social capital: the community economy.
Those who have pushed the risk down the wealth-power pyramid are confident the Federal Reserve will continue to limit the risks of speculative financialization.
Each new policy destroys another level of prudent fiscal/financial discipline.
A world in which "we do these things because they're easy" has one end-state: collapse.
The fragility of our financial buffers will only be revealed when they fail in the next crisis.
Debt-dependent consumption in a world in which wages stagnate for the bottom 90% and energy costs increase as demand outstrips supply is a system with only one possible end-point: collapse.
Stock market update with Jim Goddard show.
Tour of dying Paradise Valley mall in Phoenix AZ.
The technocrat and capital-owning class is delighted with the economy, and can't understand why everyone isn't prospering.
Jack Ma predicted this week that in 30 years, people will be barely working.
Employers have no choice: it's innovate/automate or die.
A look inside this dying mall in Arizona.
We want this time to be different so badly, we can almost taste it.
A video tour and mini documentary about the dying retail store Kmart.
This episode is on the decline of Hallmark Gold Crown Stores across the country.
Gravity eventually overpowers financial fakery.
If you want to understand why we're fragmenting as a society, start by looking at the asymmetric burdens imposed by inflation.
Founded in 1921, May 31 is Radio Shack's last day for most of its stores.
"The system is disintegrating, and slapping a "reformist" coat of paint over the dryrot cannot renew the structural timbers that have rotted to their very core."
Peter Temin, the author of "The Vanishing Middle Class," explains how the US is moving towards two economies, one for the lower 80% and one for the upper 20%.