Thread: US Self-Employment Plummeting - Massive Downturn

US Self-Employment Plummeting - Massive Downturn
2-24-8

All forms of self-employment in the U.S. are in virtual free fall now. Small businesses are failing in vast numbers creating even more jobless Americans thrust into the quest for the security of wage- based employment with benefits for themselves and their families.

Always a difficult field to compete in because of the growing avalanche of massive imports via cheap foreign labor ('free trade') and distributed through big box chain outlets with King Wal-Mart ruling the roost, and the deep loss of disposable capital in the public sector, U.S. self-employment is headed toward its worst level ever. All forms are being impacted, from stand alone small business retail and service storefronts to home-based product or service outlets to internet based independent sales ventures and multi-level marketing. All are in their steepest decline in 16 years and are expected to plumb new depths in the coming months and the foreseeable future.

US Self-Employment in a Steep Downturn - Source Bureau of Labor Statistics / Merril Lynch (shaded region represents period of US recession)

To see the chart please go to this link

http://www.rense.com/general80/sieccze.htm

Seriously.....go the EU.....same thing happening there.

There are thousands and thousands of illegals working in LA County city jobs...great pay and great benefits. DEPORT THEM AND GIVE THE JOBS TO AMERICANS!!! If we give 'amnesty' to 38M illegals in the US...it is going to cause a huge depression...why can't the government read the hand-writing on the wall????