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 […]
Record 93 million Americans now not in the labor force: The non-working American recovery added 451,000 to the not in the labor force category in December alone.
The employment report came out today and what you would take as good news sent the market moving lower. Why? A large number of the jobs added were in retail and food services. The growth in low wage employment caused the overall wage level to dip. But what was more telling and what continues to […]
92.4 million Americans not in the labor force: The continuing trend of one-third of Americans supporting the other two-thirds.
92.4 million Americans are considered to be “not in the labor force” officially. This number is incredibly high and is a large factor for the drop in the employment participation rate. While many older Americans are winging it when it comes to retirement, one-third of the private workforce is supporting two-thirds of the population. Part […]
What happens when 100 million Americans are not in the labor force? More pressure is being added on the one-third of working Americans supporting two-thirds of the population.
It is hard to believe but we have over 92 million Americans not in the labor force. I’ve paid close attention as to how the media presents this group and they usually attribute it to older Americans retiring. The problem with this narrative is that it gives the impression that many have the means to […]
The oxymoron of the labor force when labor means not working: 92 million Americans are not in the labor force with 12 million of those being added only in the last 4 years.
This week we will be getting the employment numbers. The unemployment rate is expected to stay steady or even drop which is comical given that we have 92 million Americans not working today and another 19 million that are fully unemployed. Those not in the labor force continues to grow beyond the basic changes in […]
Those not in the labor force but looking for a job now rose last month: The funny numbers behind the unemployment rate.
Those “not in the labor force” Americans continues to expand while the headline unemployment rate continues to decline. Some pundits will try to argue that this number does not accurately portray those looking for work. Well how about a category called “not in the labor force, want a job now” for categorizing those looking for […]