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View Diary: The Nano Revolution: America's Future (13 comments)

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  •  Is this how technology improves our lives? (1+ / 0-)
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    isabelle hayes

    There are those that claim the poor people in America aren't REALLY so poor...after all, most households have a TV set and VCR. They like to point out that 99% of all U.S. households use a refrigerator, although, maybe only half actually owns one. And most refrigerators are manufactured overseas.

    Wal-Mart is the largest private employer in the United States. According to Fortune's recent ranking of America's 500 biggest companies, Wal-Mart replaced ExxonMobile at the top of the list in 2012, posting revenues of $469.2 billion.

    Since the official end of the Great Recession, low-wage jobs have grown nearly three times as fast as better paying jobs, according to the National Employment Law Project.

    According to a recent report by the Working Poor Families Project, nearly one-third of all working families in the United States earn what the report defines as a low income, up from 28 percent in 2007, the first year of the recession.

    (Like I've always said: "entitlements" are really "wage subsides" --- and companies like Wal-Mart benefit the most.)

    SOURCE: Working Moms At Wal-Mart

    Income inequality in America is wide and widening. While income stagnated for the middle class, the average annual income of the top .01 percent of U.S. households from 2002 to 2007 rose by 123 percent -- a gain of $20 million each.

    Corporate profits in 2012 took the largest share of national income for any time since 1950, while the portion that went to workers fell to the lowest point since 1966. While making those huge profits, corporations weren't creating jobs. For those who do have jobs, wages fell.

    There are 46.2 million people living in poverty, the highest number in the 53 years that the U.S. Census Bureau has collected this statistic.

    SOURCE: The Downtoning of America

    So technology has improved our lives, because most of us has a refrigerator. And one day they might all be built by robots, so long as humans still need food.

    If people won't go protest in the streets, then they'll end up sleeping on them instead.

    by Bud Meyers on Tue May 14, 2013 at 02:17:03 PM PDT

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