In 2009, the United States economy began to recover from the Great Recession. To aid in the recovery, the newly elected president Barak Obama created the American Recovery and Reinvestment Act better known as the second of two “Stimulus Packages.” Pa...
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...middle class into almost $200,000 in debt leaving school. Only 46% of them will escape falling into poverty out of this 46% a fraction of them will be able to enter into the upper level. Only returning a small minority to the middle class. Technology is developing a pace that society can not keep up too. Soon technology and foreign working outside America will take over all of the middle class jobs. As they can do if fast and cheaper than Americans. Soon the job market will divided into two half the upper class, and the lower class. Once this happens people will be fighting over a small percent of elite jobs only the best and brightest can attain. While the rest will fall into poverty. America’s job market is taking a huge step backwards and needs to be changed before we are at a point were we have peasants and nobles again. That is the direction America is heading.
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