Originally Posted by Paul Markham

30-year economic betrayal dragging down Generation Y?s income



Besides the anecdotal stories, it's obvious most will be poorer than their parents. And their children will be poorer still. Just so we can buy cheap iPods and clothes. Which the next generation will struggle to afford at any price.

The reasons are simple. Countries where poverty once rules are now becoming wealthier, the 1% are becoming even richer while the rest grow poorer.

The EU has signed a fast track deal to include Turkey, so that will continue the process.