The American economy has slowly compressed the middle class into a minority group. When the manufacturing sector slowly eroded away, waiting in the wings to replace those higher paying jobs was low wage service sector employment. Now as it turns out the top 10 largest occupations in the United States are occupied by low wage […]
Millennials are worse off than their parents: Millennials earn 20% less than baby boomers at same stage in life.
It is now official that Millennials are worse off than their parents. The Federal Reserve released a study showing that Millennials are as broke as we suspected. According to the figures released Millennials earn 20% less than baby boomers did at the same stage in life. This is a major reason why so many Millennials […]
Record 95.1 million Americans not in the labor force. The challenge of having an army of non-working adults.
The year definitely ended with a bang and the number of Americans not in the labor force is now at a record high as well. 95.1 million Americans are now floating in the “not in the labor force” category that finally got some mainstream attention in 2016. This is a big deal because you have […]
The United States now has 324 million people. Of that we have a large labor force. 70 million cannot work and most of those are children. But what about the rest? The media largely ignores a massive contingent of people. This group is made of those not in the labor force. Today we have a […]
34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.
The latest employment report was lackluster. The math on the employment numbers has concealed a deeper problem in the economy. Many Americans are struggling and the middle class continues to lose ground. The most startling figure coming out was that 562,000 people dropped out of the labor force. While there is a bit more information […]
The education and employment myth: Almost two-thirds of people in the labor force do not have a college degree.
There is an ongoing perception that most of the workforce has a college degree. When we say college degree we mean at a minimum a bachelor’s degree. You would think that with $1.3 trillion in student debt outstanding a good portion of the work force would be college educated. The opposite is the truth however. […]
Mancession: Men lost 2 times more jobs than women from the Great Recession and have gained half as many jobs since late 2007.
It should be clear that the Great Recession took a toll on most people. This is reflected in household incomes and savings. But one thing that is abundantly clear is that the Great Recession took a massive toll on male employment at a rate twice that of females. We’ll get into the charts and figures […]