Merriam-Webster: plu·toc·ra·cy noun \plü-?tä-kr?-s?\
1: government by the wealthy
2: a controlling class of the wealthy
UPDATED May 6, 2013 The economy created a a moderate number of jobs despite the unemployment dropping to the lowest in 4 years. If the pace of job growth is maintained, unemployment rates won't return to pre-recession levels until after 2019!
The number of unemployed remained static in January the government reported today. The U-3 unemployment edged down to 7.5% in February. The U-6 unemployment rate rose slightly to 13.9%. The US economy added 165,000 jobs last month. Total U-3 Unemployment was 11.7 million persons.
The change in total nonfarm payroll employment for February was revised from +268,000 to +332,000, and the change for March was revised from +88,000 to +138,000. With these revisions, employment gains in February and March combined were 114,000 higher than previously reported.
NoJob Story #1909: "I am 61 years old and have been out of work for 2 years. I have a BSCE in Civil Eng'g., a PE license and an MBA. I have worked and paid taxes since I was a teen. Nobody looks at my resume after seeing my age. ..."
Contact your local Congressperson -- passionately tell them YOUR story.
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
~ U.S. January 2013 -Bureau Labor Statistics
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