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 […]
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 […]
The working few and the inverted pyramid of labor: 1 out of 3 Americans financially carry the other two-thirds.
Last month a record 93,194,000 Americans were counted as not being in the labor force. Counted might be the wrong word since this group is largely erased from any employment figures. In fact, this is a large reason why the unemployment rate has fallen so dramatically. Yet one grim financial reality remains. That reality includes […]
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 […]
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 […]
The minimum wage economic recovery – 44 percent of jobs added since recession ended come from low-wage industries paying $10 an hour or less.
This has been a disjointed economic recovery. Most Americans are hearing about this Wall Street party yet look at their paychecks and wonder when the party is going arrive in their neighborhood. Looking back at the 2001 recession, the recovery during that time came largely by adding higher paying employment. That is not the case […]
Which state has half of its eligible adults not working? The dismal employment participation rate across the United States.
People have a hard time wrapping their minds around the fact that 93 million Americans are not in the labor. In December alone we added over 451,000 to this category. Much of this figure comes from people retiring and those simply not eligible to work but there is a disturbingly large number of people that […]