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Welcome to the Oligarchy – United States Leads the Developed World in Share of Low Wage Jobs

Published: September 22, 2014
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Screen Shot 2014-09-22 at 1.18.23 PM

In an apparent attempt to explain to investors how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50 page research report, Morgan Stanley has put together some very interesting charts that were highlighted earlier today by MarketWatch.

While I suggest taking a look through all of the charts, none of them is more telling and depressing than the one that shows how the U.S. leads the developed world in the share of low wage jobs. See below:

Screen Shot 2014-09-22 at 1.12.09 PM

Of course, this shouldn’t come as any surprise to readers. I have covered the death of America’s middle-class for many years now, most notably in the post from last summer: How Does America’s Middle Class Rank Globally? #27.

As the middle-class has been destroyed, and the poor placated temporarily by various government benefits, the oligarchy has had free reign to thieve and expand its wealth at a dizzying pace. The Federal Reserve fueled stock market has been a key tool in the process of keeping the 1% silent, as the chart below demonstrates:

Screen Shot 2014-09-22 at 1.15.47 PM

While I can’t say the above is surprising, it certainly seems to confirm my prior contention that the stock market is merely: Food Stamps for the 1%.

U.S. policy is all about keeping the 99.9% quiet and distracted, while the oligarchs strip-mine the nation. Unfortunately, that strategy is working.

In Liberty,
Michael Krieger

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