Watch this powerful and beautifully shot video for TIME.com by my friend and colleague Scott Anger. Click on the middle button in the lower right hand corner to make it full screen.

  • Chronic job losses, foreclosures and evictions have made for harder times in Fresno, Calif., which has suffered economically for years. TIME meets Fresno residents in an emerging category of poverty: the new poor.

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“In 1978, it might have been economically feasible and perfectly legal for an executive to award himself a multimillion-dollar bonus while shedding 40 percent of his work force and requiring the survivors to take annual furloughs without pay. But no executive would have wanted the shame and outrage that would have followed any more than an executive today would want to be quoted using a racial slur or photographed with a paid escort.”

- The Broken Contract: Inequality and American Decline by George Packe

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