The “business” news is that billionaire Jamie Dimon, the Bankster boss of JP Morgan Chase—the gang that commits crimes and pays “Get out of Jail Free” fines—defended his $31.5 million salary: “We have a free market in this country, which … everyone should applaud,” he said.
“Free market”? What a joke. The game is rigged. From stocks to businesses, the one percent control and own what used to be called, “The Land of Opportunity.” The rich in the U.S. keep getting wealthier, and the expendable, working-class has never been more desperate to work at menial jobs with little pay and recourse.
The New York Times on Friday reported on claims by former Dollar General store employees who describe poor working conditions and meager paychecks. The report pointed out that there is little wiggle room on these balance sheets to turn a profit, so it seems that the employees take the hit. They face long hours for about $12 an hour—which is less, in some cases, than even Walmart pays. The report said these stores pay some of the lowest salaries in the industry.
The Trends Journal has reported extensively on the country’s shift toward so-called gig economies and cheap labor. (See “SLAVELANDIA: RICH GET RICHER, POOR GET POORER,” and “AMERICA: TAX/AUDIT ‘WE THE PEOPLE,’ NOT BILLIONAIRES”)
We’ve also pointed out that one of the results of the COVID-19 outbreak was that the rich got richer and the poor got poorer; 37.2 million Americans are living in poverty in the U.S., which marks a 3.3 million jump since 2019. The report pointed out that married families had the lowest level of poverty at 4.7 percent.
The Times pointed out that there was a surge in demand for dollar stores and they accounted for one in three stores that opened in the U.S. in the past year. Dollar General said that it hired 50,000 new workers from mid-July and Labor Day, the report said.
TREND FORECAST: Among the reasons there is a shortage of workers is that they no longer want to work for poverty level wages.
As Gerald Celente has long said, “When people lose everything and have nothing left to lose, they lose it.” Therefore, as socioeconomic conditions continue to deteriorate, “NEW WORLD DISORDER,” one of our 2020 Top Trends, will escalate as billions take to the streets, demonstrating against the lack of basic living standards, crime, violence, and government corruption.