I read this arti­cle and became real­ly con­cerned, fright­ened even.

The fig­ures from pay­roll tax­es report­ed to the Social Secu­ri­ty Admin­is­tra­tion on jobs and pay are, in a word, awful.

Even more alarm­ing is this graph with the title “Few­er Jobs, Less Pay”:

And from the rest of the arti­cle:

More sig­nif­i­cant­ly, the num­ber of peo­ple with any work has fall­en by 5.2 mil­lion since 2007, when the worst reces­sion since the Great Depres­sion began, with a mas­sive tax­pay­er bailout of Wall Street fol­low­ing in late 2008.

This means 3.3 per­cent of peo­ple who had a job in 2007, or one in every 30, went all of 2010 with­out earn­ing a dol­lar.

In addi­tion to the 5.2 mil­lion peo­ple who no longer have any work add rough­ly 4.5 mil­lion peo­ple who, due to pop­u­la­tion growth, would nor­mal­ly join the work­force in three years and you have close to 10 mil­lion work­ers who did not find even an hour of paid work in 2010.

That is 10 mil­lion peo­ple. 10,000,000. This is broad sta­tis­ti­cal evi­dence to back up Sub­ur­ban’s recent anec­do­tal sto­ries.

I com­ment­ed to Sub­ur­ban that I had large­ly been insu­lat­ed from the eco­nom­ic issues since I live and work in boom­ing Hous­ton, Texas. I try hard to not react to anec­dotes espe­cial­ly when they are very emo­tion­al. Instead, I try and gath­er broad and objec­tive evi­dence that a phe­nom­e­na actu­al­ly exists and is ver­i­fied in a sys­tem­at­ic man­ner. Anec­dotes are a fine start­ing place, but ver­i­fied pat­terns are bet­ter. The linked arti­cle on the over­all job mar­ket pro­vides evi­dence that it real­ly is bad out there and much worse than my own Hous­ton, Texas bub­ble.

As a side note, that is why I am read­ing the work of Fer­nan­do Fer­fal Aguirre who wrote a book an the Argen­tine cur­ren­cy cri­sis in 2001 and its after effects. I think it will have vast and deep impli­ca­tions regard­ing what is com­ing for Amer­i­cans. I am only a few pages in, but I like his no-non­sense writ­ing style so far. I will keep you post­ed!

Until then, my advice is to shore up any prep­per issues you have focus­ing on finances, water, food, secu­ri­ty, shel­ter, med­ical care, and ener­gy. A storm is com­ing and, yes, the time is now!

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