Mike Harris, the financial editor at Veterans Today, says he believes two major reasons that have made Americans poor are: offshoring American jobs and the presence of millions of undocumented immigrants in the country.
Survey data exclusive to the Associated Press have indicated that 80 percent of American adults struggle with unemployment, near-poverty, or reliance on welfare for at least parts of their lives.
In a phone interview with Press TV on Monday, Harris said that one reason for such high number of American adults struggling with near-poverty is exporting American jobs offshore, which has “displaced many millions of American factory workers who had high-paying working class jobs.”
Critics believe that US corporations have been exporting American jobs offshore to make big profits.
The other reason Harris mentioned with regard to the high poverty rate in the US is “the presence of illegal aliens.”
“The number is closer to 50 million illegal aliens in this country and they’re taking jobs from good hardworking American citizens because they will work for less,” said Harris.
The AP data showed that while racial and ethnic minorities are still more likely to live in poverty, the number of poor whites has grown significantly since the 1970s.
The survey also showed that if the current trend of growing income inequality continues in the US, by 2030, nearly 85 percent of American adults will experience economic insecurity during periods of their lives.
US President Barack Obama warned, in an interview with the New York Times last week, that the gap between America’s rich and poor could further widen.