The NY Times has a poignant article about a 49 yr old man forced to move back home with his mother after the plant he worked at thirty years shut down. He was working hard, doing everything right too.
It’s going to get worse, what with the recession coming on. I caught part of an NPR piece about a small town where the factories closed. Most commute 60 miles to the nearest jobs. Do the math. You make $10 an hour ($80 a day) and your car gets 20 mpg. So you’re using 6 gallons of gas a day costing you about $20 – or 25% of your pretax income. Ouch.
What happens when there are many more millions of people like that?