Low wage recovery highlighted by 7 out of 10 jobs added in January coming from minimum wage waiters and temporary retail workers.
The unemployment rate fell below the 5 percent mark for the first time since the Great Recession wrecked havoc on the economy. This is good news right? Well the stock market didn’t think so for a couple of reasons. First, this adds more fuel to pushing interest rates higher (a big expense on the $19 […]
The working class Hunger Games: Reality TV show now pits working class against working class family for the chance to earn $101,000.
Reality TV has a nice connection to our growing low wage economy. Reality TV is easy to make, costs relatively little, and can be flushed away if it fails. If a hit occurs, the big profits are frontloaded to the network while “stars” can make money after the cream has been taken away. There is […]
Are you looking to earn low wages? A college degree might be your ticket. College earning power dwindles over the last 15 years.
We constantly hear the loud drumbeat that a college degree is your ticket to untold fortunes. Of course we never get the detailed report showing students that are drowning in debt and also many that went to for-profit schools or pursued unmarketable majors and guess what? These people would largely have done better by not […]
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
The employment report continues to provide deceptive bread and circus fodder for the mainstream press. Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force” category. In large part, we have a low unemployment rate because this massive army of Americans is simply […]
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 […]
How the US is creating a low wage workforce: Foreign born workers earn 79.9 percent compared to native born workers.
Over the last decade the U.S. has entered into a low wage economic trend impacting the overall economy. The result has been for many once middle class familiesto fall one or two rungs lower on the economic ladder. Many corporations have boosted their bottom line by using slack in the labor force to cut wages, […]