Home ownership is at the lowest rate since the 4th quarter of 1995. The Census released their quarterly housing vacancies and home ownership report. The seasonally adjusted homeownership rate is 65.1%. Many in the press tried to claim homeownership is increasing by quoting the not seasonally adjusted home ownership rate of 65.3%, which gives an uptick in people owning homes in America from the 2nd quarter of 2013. The reality is, not so. The great ownership society went bankrupt.
The attack on unions has been clearly effective. America's workers who are members of a union declined by 0.5 percentage points in 2012 to a low of 11.3%. In 1983 20.1% of all workers were members of a union and in 2011 11.8% of America's employed were union members. We have not seen union membership rates this low since the Great Depression.
Warren Buffett’s concept to significantly reduce USA’s trade deficit.
I’m a proponent of a proposal that was introduced to the Senate in 2006. Trade deficits are always detrimental to a nation’s GDP. Trade deficit’s detriment to the GDP exceeds the amount of the deficit itself. The GDP bolsters the median wage.
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