DYSTOPIA Kalifornia: Window to America's FUTURE
Why Silicon Valley Income Inequality Is Just a Preview of What’s to Come for the Rest of the U.S.
Sometimes what happens in one startup hub also happens in every other startup hub.
https://www.inc.com/john-boitnott/why-silicon-valley-income-inequality-is-just-a-preview-of-whats-to-come-for-rest-of-us.html
San Francisco has become one huge metaphor for economic inequality in America
https://qz.com/711854/the-inequality-happening-now-in-san-francisco-will-impact-america-for-generations-to-come/
Almost 80% of US workers live from paycheck to paycheck. Here’s why
Robert Reich
https://www.theguardian.com/commentisfree/2018/jul/29/us-economy-workers-paycheck-robert-reich
Living Paycheck to Paycheck is a Way of Life for Majority of U.S. Workers, According to New CareerBuilder Survey
Study Highlights:
– 78 percent of U.S. workers live paycheck to paycheck to make ends meet
– Nearly one in 10 workers making $100,000+ live paycheck to paycheck
– More than 1 in 4 workers do not set aside any savings each month
– Nearly 3 in 4 workers say they are in debt today – more than half think they will always be
– More than half of minimum wage workers say they have to work more than one job to make ends meet
press.careerbuilder.com/2017-08-24-Living-Paycheck-to-Paycheck-is-a-Way-of-Life-for-Majority-of-U-S-Workers-According-to-New-CareerBuilder-Survey
The government shutdown spotlights a bigger issue: 78% of US workers live paycheck to paycheck
https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html
Most Americans Can’t Afford A Minor Emergency
Just 39 percent of Americans have enough money in savings to cover an unexpected $1,000 bill, according to a new report.
https://www.huffpost.com/entry/most-americans-cant-afford-to-pay-for-even-a-minor-emergency_n_5a68e67ae4b0022830090e5b
Immigration is vital to boost economic growth
https://www.ft.com/content/f1ca7b14-b1d6-11e8-87e0-d84e0d934341
On average, Americans die with $61,000 in debt: Who pays?
https://www.msn.com/en-us/money/personalfinance/on-average-americans-die-with-dollar61000-in-debt-who-pays/ar-BBMBgqM
70% of Americans with credit card debt admit they can’t pay it off this year
https://www.cnbc.com/2019/03/19/70-percent-of-people-with-credit-card-debt-cant-pay-it-off-this-year.html
The ‘mother of all credit bubbles’ is brewing — and this time it isn’t household debt
Corporate America has transformed itself into one giant leveraged buyout
https://business.financialpost.com/news/economy/beware-the-mother-of-all-credit-bubbles
More than half of Californians say they plan to leave as state leads U.S. in outmigration
https://www.watchdog.org/california/more-than-half-of-californians-say-they-plan-to-leave/article_c7da12a6-3af2-11e9-9f1b-2f8a201ef46e.html
Big backyards and pools are California’s past. Apartment buildings are its future
https://www.latimes.com/politics/la-pol-sac-skelton-housing-policy-california-20190325-story.html
Breaking it Down: Industrial Capitalism vs. Financial Capitalism (or, Why We’re F*cked)
https://bastardlogic.wordpress.com/2012/04/29/breaking-it-down-industrial-capitalism-vs-financial-capitalism-or-why-were-fcked/
Production Capitalism vs Financial Capitalism – Symbiosis and Parasitism. An Evolutionary Perspective and Bibliography
https://ideas.repec.org/p/tth/wpaper/36.html
Financial Capitalism v. Industrial Capitalism
https://michael-hudson.com/1998/09/financial-capitalism-v-industrial-capitalism/