Even though the stock market continues to set new record high after new record high, poverty is exploding all over America. It is being reported that 41 million people are living in poverty at this moment, and 9 million of them do not receive a single penny of income from anyone. Once you have been unemployed for long enough, you don’t qualify for unemployment payments any longer, and once you are on the street, there is nowhere for other government programs to send a check to.
I have previously discussed the rising epidemic of homelessness in our nation, but most people don’t want to think about that sort of a thing these days. Even though New York City has the most homeless since the Great Depression, and even though homelessness in Los Angeles is at an all-time record high, most people want to pretend that everything is just fine.
We are expected to lose another 73 million jobs alone in the next 10-12 years due to advances in technology alone. Sure, there will be job creation, but job loss will be the problem.
Bill Utrup
Cortez
