Apr 4 2014

The temporary employment recovery: Quantitative Easing and favorable banking policies creating a rising tide of temporary workers similar to Japan. Part-time workers up nearly 100 percent in US since 2007.

This recovery unlike other recoveries has been very weak in creating a large number of good paying jobs.  Corporate profits are up under a market where wages, benefits, and quality of jobs have decreased while low-wage jobs continue to be added in the tens of thousands each month.  Why the reluctance for firms to boost […]

Mar 17 2014

A land of low-wage jobs: For every job that pays above the low-wage threshold of $15 an hour you have 7 job-seekers. 51.4 million low-wage jobs in U.S.

The Great Recession has only accelerated deeper structural changes to our economy when it comes to low-wage employment.  While many good paying jobs were lost during the Great Recession many of the new jobs have come in the form of low-wage employment.  Large organizations have used this slack in the market to reduce wages, cut […]

Jan 18 2014

The biggest export from America? The middle class. The tradeoff for cheap goods and financial cronyism is coming back in a big way.

There is always a tradeoff in economics.  The adage about a free lunch comes to mind to the rise of low wage capitalism in America.  It is a complicated web driven by financial cronyism and a system largely driven by ignoring the plight of the working class.  The story of US manufacturing is probably one […]

Jan 11 2014

Low wage capitalism with a dab of cronyism: Of job sectors with the highest growing raw number of positions 9 out of 10 will pay $35,000 a year or less with little to non-existent benefits.

There was a big miss with the latest employment report.  The addition of 74,000 jobs produced the weakest employment report going back to January of 2011.  Yet part of this is not a surprise given the weak retail sales over the holidays at the expense of cash strapped American consumers.  If you dig deep into […]

Nov 8 2013

The booming non-labor force in the United States: Those not in the labor force surged by nearly 1,000,000. A large portion of added jobs were in low wage sectors.

Any job is a good job for the headlines.  While one part of the BLS survey showed that US payrolls increased by 200,000 last month, another survey finds that nearly 1,000,000 Americans dropped out of the labor force.  That is right, a stunning 932,000 Americans simply dropped out of the labor force last month bringing […]

Oct 26 2013

Means-Tested recovery: Over 108,000,000 Americans received means-tested benefits in latest report from Census Bureau, more than are currently employed full-time.

The Census Bureau released some interesting data in October.  One of the pieces of data that we knew was coming was the continuing decline of household income.  This decline is in line with the growing income disparity that is occurring in the US.  Another piece of data made this trend abundantly clear.  The comprehensive data […]

Oct 21 2013

McJobs for McAmerica – Fastest growing jobs in low wage sectors. Of 10 largest occupations in US only one pays more than $35,000 per year.

The end of the Great Recession has done little to protect the middle class.  The largest employment growth has come from low wage positions.  According to Social Security data on wages the per capita wage for Americans is $26,000.  Your typical household is pulling in about $50,000 per year.  The growth in low wage jobs […]

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