Our Left Behind Workers
In the Neighborhood
12/9/15, WASHINGTON D.C. --
"The hollowing of the American middle class has proceeded steadily for more than four decades. Since 1971, each decade has ended with a smaller share of adults living in middle-class households than at the beginning of the decade, and no single decade stands outs as having triggered or hastened the decline in the middle....The share of American adults living in middle-income households has fallen from 61% in 1971 to 50% in 2015. The share living in the upper-income tier rose from 14% to 21% over the same period. Meanwhile, the share in the lower-income tier increased from 25% to 29%." (Source: Pew Research Center: Social & Demographic Trends)
April 2014, WASHINGTON D.C. --
The Bureau of Labor Statistics reports grim private-sector job numbers since the 2008 Great Recession:
- Low-wage industries lost 2 million jobs during the GR (22% of total job losses) but have added 3.8 million jobs (44% of total job gains) since the recovery started.
- Mid-wage industries accounted for 37% of job losses during the GR (1 million jobs) but have added only 26% of the new positions since the recovery began.
- Higher-wage industries accounted for 41% of jobs lost during GR but only 30% of the new positions since the recovery started.
From Our Blog
Plant Today For a Better Tomorrow
Warren Buffett may be Open Door America's favorite rich man. He just seems to get it.
Recently, we ran across a January 2017 replay of a Warren Buffet interview on the Charlie Rose show. We like what he said about life and time:
"I can buy anything I want, but I can't buy time. There is no way I will ever be able to buy more time."