Number of millionaires in U.S. reaches a new high". These two articles document the erosion of the middle class.
(Source: Daily Caller) - The number of native-born, working-age Americans who aren’t working has shot up by almost 9 million since 2007, and by almost 15 million since 2000, according to a new report by the Center for Immigration Studies, an anti-immigration group.
By late 2012, roughly 50 million native-born working-age Americans weren’t working, up from 40 million in 2000, according to the March 13 report, titled “Still No Evidence of a Labor Shortage.”
The army of idle Americans is important for the immigration debate, because advocates for greater immigration say foreign workers are needed to fill slots that can’t be taken by Americans.
The 50 million idle Americans include many who are studying, have chosen not to work or have retired early.
But the government data shows that 16.7 million native-born Americans wanted — but did not have — full-time work in 2013, up from 10.5 million in late 2007, and 7.8 million in 2000.
These unemployment and underemployment numbers include all native-born Americans who sought work in the last few weeks, are working part-time while seeking full-time jobs, and those who are “marginally attached” to the workforce.
The rise in the number of unemployed Americans was accompanied by increased employment of immigrants.
The data shows that 23.8 million immigrants had jobs in 2013, up slightly from 23 million in 2007, and up sharply from 18.8 million in 2000.
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