WASHINGTON - It's a birthday that few want to celebrate.
Two years after that economists say the great recession is over, recovery was the weakest and the most unequal of all since the 1930s.
After previous recessions people dans all income groups tended to benefit. This time, ordinary Americans are struggling with insecurity, raises too much debt and pay employment which did not follow the prices at the grocery store and gas station. Lean gains in the economy are mainly for the rich.
Salaries and benefits of workers form 57.5% of the economy, lower. Until the mid-2000s, that figure had been remarkably stable - approximately 64% economic boom and bust as.
Executive compensation is included in this figure, but ordinary workers depend much more on the benefits and regular wages. A large piece of the economy gains went to the investors as high corporate profits.
"Booty were really went to the capital to the shareholders," said David Rosenberg, Chief Economist at Gluskin Sheff + Associates in Toronto.
Corporate profits are up by nearly half since the end of the recession in June 2009. In the first two years after the recession of 1991 and 2001, profits increased by 11% and 28%, respectively.
And an analysis of the Associated Press found that the typical CEO of a large company earned $ 9 million last year, a fourth from 2009.
Driven by more profits, the Dow Jones Industrial Average held a gathering of 90% breathtaking since 6,547 hollow on March 9, 2009. These stock market gains go disproportionately to the richest 10% of the Americans, who have more than 80% of the outstanding shares, according to an analysis by Edward Wolff, an economist at Bard College from.
But if the great recession is already long Wall Street and corporate meeting rooms, it focuses on the main street.
• Unemployment has never been so high--9,1% - this long after any recession since the second world war. To the point even after three previous recessions, unemployment on average 6.8%.
• Hourly wages of the average worker, after taking account of inflation, were 1.6% lower in may one year earlier. Increase in gasoline and food prices have devoured any pay raises to most Americans.
• The jobs pay less than those who have disappeared in the recession. Paid jobs in the private sector, those who pay about $19 to $ 31 an hour, consisting of 40% of the jobs lost in January 2008 to February 2010, but only 27% of the jobs created since then.
Kathleen Terry is one of those who had to settle for less. Before the recession, she spent 16 years as a processor of mortgage in Southern California, earning as much as $ 6 500 in a good month, a pace of about $78,000 per year.
But his employer was buried in the housing crash. It is found in their work for 2 1/2 years. His savings is reduced, the single mother had to move in a motel with his three daughters.
They got on welfare and assistance of their church and their friends. Terry began to take a bus for 90 minutes for employment training courses.
Finally, she found work as a Secretary in Riverside County, California, the employment office. She likes to work, but won just $ 27 000 per year. "It's a humbling experience," she said.
Hard times have made Americans more dependent than ever on social programs, which accounted for a record 18% of personal income in the last three months of 2010 before a bit this year. About 45 million dollars are on food stamps, another record.
The Federal Reserve numbers overloaded by Haver Analytics suggests that Americans have a long way to go before their finances will be strong enough to support robust spending: despite the Cup to the last three years, the debt of the average household to 119 per cent of the income after annual tax.
To the point even after the recession of 1981-82, debts were 66%. After the recession of 1990-91, 85% and after the recession of 2001, 114%.
Most of the workers does not raise the request or search for the best jobs.
