A full 23% of Americans have been fired in the last four years
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There is a complete disconnect in Washington from the quiet desperation of American lives. While politicians chatter talking points and claim lobbyists' agendas are somehow sane economic and labor policy, a full 23% of Americans have been fired in the last four years. That is disposable work syndrome and that is the crisis of our time, not the rhetorical fictional spin spewing from the mouths of politicians.
Of the almost a quarter of working America fired in the last four years, a full 22% cannot find another job. That's roughly eight million people.
Disposable worker syndrome has affected the entire nation. One-third of American households lost much needed paychecks over the past four years. A full 79% of America knows someone personally who lost their job. The great jobs slaughter has affected everyone except Wall Street and K Street.
Of the people fired who managed to get another job, a full 48% took a step down in position with 46% taking a job below their skill or education level. A whopping 54% reported their new job pays less. A third took over a 30% pay cut to get a new job. Another third got hit with a 11-30% cut in pay. That's economic devestation for millions of Americans, even while working.
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http://www.economicpopulist.com/content/fired-america
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