Colorado is one the hardest recession hit states

 

Jan. 02, 10 (Hamsayeh.Net) - One can only imagine what is happening in the world’s biggest economy right now. Despite increasing living expenses the minimum wage in some US metropolitan areas is dropping. This is unprecedented since the end of WWII.

 

Latest reports show that minimum wage in Denver, Colorado a state already grappling with economic recession will actually go down in 2010 by 3 cents from $7.28 to $7.25 per hour. Meanwhile, all across the US, living standards will go down for the vast majority of the population and only a small group of bankers, financiers and gurus will benefit from the economic upheaval in the years ahead.

 

People in Colorado were upset with the news of minimum wage cut saying it will make life even more difficult than what it already is. ‘It is hard to make it, hard to get by,’ said John Mullen, 50, an out-of-work construction worker waiting for a bus in Denver, Colorado. 

 

The average wage in China with its robust manufacturing sector is just a few dollars a day. In this way, many US manufacturing jobs have been lost to Asian competitors leaving average Americans out of jobs. Consecutive US governments, nevertheless, have successfully created many military structured jobs for wars in Afghanistan, Iraq, Pakistan, Yemen and other places, which lift unemployment pressures temporarily.