Record shattering 94 Million Americans not in the labor force: The army of non-working Americans continues to grow.
The employment numbers released a few days ago left much to be desired right before entering into the nationally celebrated Labor Day holiday. Not many people can enjoy the “labor” part of the holiday since those not in the labor force has hit another stunning record. The latest gloomy figures show that 94 million Americans […]
Trends in low wage America: 1.4 million waiter/bartender jobs gained while 1.4 million manufacturing jobs lost since 2007. Top 4 employment sectors pay $10 an hour or less.
The media pundits are scratching their heads as to why two political outsiders are garnering all the attention. You want to know why? Both are addressing the low wage epidemic plaguing the country. Now we can debate their policies since both stand at the extreme opposite ends of the spectrum but their message is clear […]
1 out of 3 American workers support the rest of the country: Those not in the labor force surges to another record at 93,770,000.
The latest employment figures did not help the market. While the unemployment rate remained unchanged this is largely being driven by the massive number of Americans not in the labor force. This is the biggest employment story going on for a couple of years but is completely ignored by the media. It is also conveniently […]
Non-working America soars by 640,000 in one month to new record of 93.6 million. Not in the labor force Americans up 11 million since 2010.
It is hard to believe that one out of every three Americans is financially supporting the other two-thirds. The unemployment rate appears much lower than it is because of the odd math behind the labor force. The latest unemployment rate of 5.3 percent sounds great until you realize that last month 640,000 Americans were plopped […]
34 percent of Americans financially carry the country: Those not in the labor force hits another record at 93,194,000.
The unemployment rate is calculated by those in what is deemed the labor force. With the unemployment rate dropping you would think that somehow, we’d be back in a glorious economy where everyone was financially moving up. That is definitely not the case. Every single day we have 11,000 Americans hitting 65 years of age […]
Top 4 largest occupation sectors in the United States all in the low wage service sector paying $10 an hour or less: What does it mean living near the minimum wage?
People have a hard time wrapping their minds around the economic fact that the top employment sectors in the United States are all made up of occupations in the low wage service sector. We define low wage as a job that pays $10 an hour or less. The press doesn’t really highlight this working poor […]
The evolution of low wage America: The most common jobs by state in 1978 to 2014. The destruction of the manufacturing industry.
The US continues to see a widening gap between the army of low wage workers, the highly paid small upper-class, and a dwindling middle class. We’ve already shown through IRS tax data that households make a lot less than people think. The US has been on a very steady trend towards having a massive pool […]