Worthy Christian News » As U.S. Factories Close, Income Gap Widens

christian news

Worthy Christian News » As U.S. Factories Close, Income Gap Widens

(USA Today / Worthy News)– The downfall of manufacturing in the U.S. has done more than displace workers and leave communities searching for ways to rebuild devastated economies. In Reading and other American factory towns, manufacturing's decline is a key factor in the widening income gap between the rich and everyone else, as people have been forced into far lower-paying work.

It's not that there's a lack of jobs, but gains often come at either the highest end of the wage spectrum — or the lowest.

"A loss of manufacturing has contributed to the decline of the middle class," said Howard Wial, an economist with the Brookings Institution and the University of Illinois at Chicago. "People who are displaced from high-paying manufacturing jobs spend a long time unemployed, and when they take other jobs, those jobs generally pay substantially less." — Source

Copyright 1999-2014 Worthy News. All rights reserved.

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

One Comment

Leave a Reply

  • PastorPrincess K Gill
    16 June 2014 at 2:11 am - Reply

    downfall my buns they have plenty of money they just playing like they dont to control people time they stop the lies to people otherwise how could they give away millions and billions and have a DOW etc… liers… but im not gonna judge em…

  • Make us your homepage

    What is Worthy News?

    Worthy News is an independent Christian news agency which reports news not covered by other outlets, on key developments in a rapidly changing world. Worthy News reaches both Christians and non-Christians around the globe and strives to be balanced and make a difference in these strategic times.

    Worthy News. Reliable-Trustworthy-Cutting Edge

    Recommended Links

  • Editor’s Picks

  • Latest News

  • Most Read This Month

  • Most Read Today


  • 1999-2014 Worthy Christian News » As U.S. Factories Close, Income Gap Widens