Unemployed Americans are desperate to find work as they scramble to apply for jobs in numbers that far exceed job openings.
At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings.... These are not unusual stories. Similar stories have been reported for years. Back in 2009, it was reported that GE advertised for 90 washing machine assembly jobs in Louisville, KY and 10,000 folks showed up to apply. The GE jobs were paying $27,000 a year or $519.23 a week or $12.98 an hour. Just 4 years ago, the same washing machine assembly line job paid $19 an hour. As middle class factory workers are being forced to take 30% plus wage cuts, Bankster and CEO compensation continues to soar out of the stratosphere.... While workers are now being thrust into the stone cold reality of free market wages during a period of profound inflation, government induced monetary devaluation and massive corporate welfare, the elites of our thieving and corrupt economic system continue to stockpile for themselves the crème de la crème of national riches. The bankster and crony capitalists are exempt from free market competition.
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Judy Morris Report
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