Editor -CMR

When final U.S. jobs numbers come out for 2015, the mainstream financial

press will cheer the creation of more jobs. The U.S. will show numbers that

the country has created over 8 million new jobs since 2011. This job creation

number is not enough to cover to entrants coming into the workforce hence the

lack of wage increase pressure in the economy. The country will also have

imported 12 million workers in that time frame and greatly expanded disability

and handouts for the native population to offset employment pressures.

In the same time frame, a “collapsing China” created 64 million jobs and has

seen wages double over that time frame. In low tax, manufacturing friendly China

finding workers has become extremely difficult. Meanwhile, in the U.S. , no one is

setting up a physical factory and get stuck in 40% tax rates. The companies here

already have been leaving in record numbers through inversion and escaping to

Europe for lower taxes.

What will not be reported in the mainstream press is that wage packets in the

U.S. and China have now converged. The average new job created in the United

States is categorized as “low wage” averaging between $9.48-$13.33 an hour.

That would make the monthly salary in the U.S. working at $10/hour and 30 hours

a week at $1,200 per month. Minus social security and taxes this would make the

average new job created in the United States roughly $12,000 per annum. This is

very similar to current Chinese wage structures when factoring in overtime and

annual Chinese New Year bonuses.

Americans of the future will have to adapt to a Chinese style pay packet but with

50% tax rates and medical and educational costs that are ten times the rate of

anywhere else.

The long slow decline has set it.