Oct 11 2015

The drop in the labor force is coming from prime-age Americans, not aging retirees: Examining the 94.6 million Americans not in the labor force.

Those not in the labor force hit a record number in the last month.  While the mainstream press tries to spin it as a retirement trend, the reality is most Americans are too broke to retire.  The Atlanta Fed added some color to explain the big decline in labor force participation.  As it turns out, […]

Oct 4 2015

Labor force catastrophe with more than half a million dropping out of the labor force: Record 94.6 million Americans not in the labor force.

The latest employment report was a complete disaster.  The only reason the unemployment rate remained unchanged was because a stunning 579,000 people dropped out of the labor force in one month.  We now have a record 94.6 million Americans categorized as not being in the labor force.  This massive drop cannot be explained by the […]

Oct 1 2015

Wage Apocalypse for the American man: Typical male worker earned less in 2014 than in 1973.

The middle class destruction train is moving full steam ahead if we are to examine Census figures closely.  And the American male has a first-class ticket on this express train to wage destruction.  According to the recently released Census figures full-time working males are earning less than they did in 1973 adjusting for inflation.  Purchasing […]

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Aug 11 2015

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 […]

Jun 30 2015

Top 4 employment sectors in the United States pay $10 an hour or less: The uneven recovery being led by low wage labor.

It is hard to believe but we are now “officially” six years into this recovery.  For most Americans, it doesn’t feel anything like a recovery and that label appears to be a misnomer.  Americans need only look at their paychecks and the cost of living to realize that yes, things are getting tougher.  There appears […]

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