The Drain

I don't know if you've noticed, but inflation is rising at alarming rates. And I don't know if you've noticed, but the average wage is flatlining. Starting in the late 70's wages stopped growing. Why? Because of globalization. Companies started outsourcing to other countries at lower costs. This has only gotten worse. Let's look at the American Apple Iphone for example. 34% of production cost goes to Japan, 17% to Germany, 13% to South Korea, 6% to USA, 3.6% to China and 27% to other. In 1970 a meat packer in the USA made $40,599/year. In 2010 that same position as meat packer makes $24,190.

In the 70's a man used to be able to work his 40 hrs a week and comfortably support his wife and children. In the 80's the stay at home mom's had to start working to help support the family. In the 90's they had to start working longer hours to try to make ends meet. In the new century people are now working 2-3 jobs just to keep food on the table and consumer debt is higher than ever.

The answer we were told in the 80's was to go to school, get a good education and a good job. Now the cost of education is making it unattainable for the average person. The cost of a bachelor degree is 20% higher than it was just 10 years ago. Yet the jobless rate among university grads is slightly lower than high school graduates.

It feels like we are in a spiraling drain. But I believe this is where Network Marketing could be the answer for many. Find a company that's right for you and with little money down build the income you desire.

#debt #income #drain