by Chris Black
Record highs producing….what again?
78% capacity utilization of the miniscule number of factories left compared to pre-globalization, cannot give you record production.
In dollar terms, producing 1/4 of what you did ten years ago will bring in the same revenue thanks to inflation.
US Industrial Production Hits New Record High In April t.co/oXoKJ7x8MF
— TalkMarkets (@TalkMarkets) May 17, 2022
Over 90% of available private sector jobs in the USA pay less than $20 per hour.
Try to make ends meet.
Real incomes are half what they were in the 1990s.