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What Will Happen When Our Wages Don’t Even Cover Food? This Haunting Video Chronicles the Dying American Dream

Category: Financial News
I’ll give you the good news first: globalization and technology haven’t actually destroyed jobs in the U.S. like we thought. This is definite good news, and the fact that both have revolutionized our lives in so many great ways sounds like a fairy-tale ending.
But it’s not, so here’s the bad news: our globalized, technofied times are bankrupting us. At 26 seconds, he explains how it’s not just that wages are stagnating. At 56 seconds he breaks down the American Dream that’s collapsing before our eyes. Some fairy tale.

 

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By Jenny Chang

Senior writer at FinancesOnline who writes about a wide range of SaaS and B2B products, including trends and issues on e-commerce, accounting and customer service software. She’s also covered a wide range of topics in business, science, and technology for websites in the U.S., Australia and Singapore, keeping tabs on edge tech like 3D printed health monitoring tattoos and SpaceX’s exploration plans.

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