US economic failures

A graph on the floor of the New York Stock Exchange, March 18. (AFP Photo)

Official statistics show that in February 2015, one-third of working-age Americans did not have jobs in the United States. The statistics amount to 93 million unemployed people in the US.

This is a record high for America that repeatedly claims is the world’s largest economy.

At the same time, the Urban Institute has reported that American wealth inequality has increased sharply.

The main losers are Blacks and Hispanics, with white Americans owning no less than twelve times the assets of black Americans.

In this edition of the show, we will ask American citizens and experts about the US economy and the reasons behind its failure.

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