The New Economy

The new economy is where the world is flat, unfettered free trade and corporate deregulation is king, and working Americans can't afford to feed themselves.

Nine million Americans sought aid from food pantries and soup kitchens last year, even though they were members of households where at least one person had a job.

That's what you get when you don't raise the minimum wage for five years (adjusted for inflation, it's 29% lower than it was in 1979), when total real wages remain stagnant for three years, and when your trade imbalance ensures that the only job creation will be in the low-wage service sector.

I, for one, welcome this new economy. Think of all the job creation at our nation's food banks and soup kitchens! Those staffers have employment security like you've never seen!