watch 4 corners next week, page-33

what surprised me:

This has been going on for years - remember seeing a report at least 5 years ago about gainfully employed people in NY not being able to afford housing due to low wages etc.

The real worry - and no one her in Oz talks about:

EU countries like Germany have been very busy building a "2 tier economy":

There is no minimum wage in Germany and the trick used for quite some time now is to "out source" - forcing people into poverty.
Even people with degrees are forced to work for outsourcing companies at wages of 3-5 euros/hour and told to go to social security to "make up the difference"

Real problem: the amount of employed people in Germany having to rely on social security payments to be able to survive has increased tremendously - very high cost and explain the ridiculous taxes being payed over there.

Nothing is being resolved and something will have to give sooner or later.