Are We in the Process of Creating a New and Enduring American Underclass?

Alternet - Will this bleak economy become “the new normal,” consigning millions to an emerging American underclass?

Corporate America appears to be prospering with far fewer workers than it employed before the crash. Wages are down, the stock market is up and firms are expanding their operations overseas. Meanwhile, Congress is suffering from the delusion that our greatest problem is the deficit, rather than the extreme economic insecurity so many Americans are suffering from today. And that focus will only exacerbate the crisis on “Main Street.”  Read more.