By Nichelle Stephens
Baby got back. Yes, I am comparing the United States’ economy to a woman’s figure. If you watch ‘Real Housewives of Atlanta’, then you may have heard Phaedra Parks wax poetically about the Donkey Booty. It is a curvy, round butt that stands out. Despite Wall Street profits and the S&P hitting record highs, the middle class is shrinking. The middle class is losing numbers like JHud whittled her waistline from Weight Watchers. The new jobs coming from the private sectors are not living wage jobs. The public sector is not doing enough to create jobs. Cutting spending and creating lopsided stimulus packages are the only tools Congress is using. To refer back to my analogy, Congess keeps cuttting carbs from their spending diet and thinks that makes the economy healthy. You may fit into those skinny jeans, but it doesn’t mean you are fiscally fit. The majority of jobs is coming from the retail and restaurant industry which typically are low wage jobs even if in managerial positions. These jobs don’t pay enough for a family to get ahead or even cover basic needs. Some people who are vying for these positions are often college-educated and are over-qualified. The current labor market is slack with four generations who are eligible to work. The donkey booty is a synonym for a woman’s posterior, an onion. Basically, the economy is so bad at the low end that it can make you CRY.
economy , op-ed , rhoa