Azazello1313 Posted September 4, 2012 Share Posted September 4, 2012 (edited) we haven't really heard that word since, well, 2004 I guess: Some 58% of the jobs created during the recovery have been low-wage positions, according to a new report by the National Employment Law Project. Only 22% have been mid-wage jobs and 20% higher-wage positions. These low-wage jobs pay $13.83 an hour or less. which I guess also helps explain why median income has fallen more during the current "recovery" than it did during the recession. Median household income fell 4.8 percent on an inflation-adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote. “Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today.“We’re in an unprecedented period of economic stagnation.” Edited September 4, 2012 by Azazello1313 Quote Link to comment Share on other sites More sharing options...
Big John Posted September 4, 2012 Share Posted September 4, 2012 Quote Link to comment Share on other sites More sharing options...
westvirginia Posted September 4, 2012 Share Posted September 4, 2012 Well, with the mess shrub left us, if it wasn't for the obamessiah's brilliant leadership it would be worse. Oh wait, it is worse? Quote Link to comment Share on other sites More sharing options...
nuke'em ttg Posted September 4, 2012 Share Posted September 4, 2012 Well, with the mess shrub left us, if it wasn't for the obamessiah's brilliant leadership it would be worse. Oh wait, it is worse? brawk wood have some friends if he dropped that health care idea Quote Link to comment Share on other sites More sharing options...
Bronco Billy Posted September 4, 2012 Share Posted September 4, 2012 We need to take all the money from the rich! It will fix everything* * - for about 8 1/2 days. After that we'll have to find another source of income... Quote Link to comment Share on other sites More sharing options...
nuke'em ttg Posted September 4, 2012 Share Posted September 4, 2012 We need to take all the money from the rich! It will fix everything* * - for about 8 1/2 days. After that we'll have to find another source of income... wood ya live in America if you were mega rich? where'd be a good place? Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted September 4, 2012 Share Posted September 4, 2012 So I guess Az is arguing for high paying benefited union jobs instead of republican utopian cheap labor. Who woulda thunk it? 1 Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted September 4, 2012 Share Posted September 4, 2012 (edited) All kidding aside this news is not all that surprising given that: 1) job and wage growth tend to lag economic growth and 2) our whole economy continues to undergo a structural shift from a manufacturing economy to a service and ideas based economy where lower paying unskilled jobs dominate. This would be true regardless of who was in the seats of power in Washington. Edited September 4, 2012 by CaP'N GRuNGe Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 4, 2012 Author Share Posted September 4, 2012 So I guess Az is arguing for high paying benefited union jobs instead of republican utopian cheap labor. Who woulda thunk it? yeah I think the government just needs to mandate a $25/hour minimum wage, then EVERYBODY will prosper. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 4, 2012 Author Share Posted September 4, 2012 1) job and wage growth tend to lag economic growth then we're really screwed, because economic growth right now is pathetic, particularly for a "recovery". Quote Link to comment Share on other sites More sharing options...
General Itals Posted September 4, 2012 Share Posted September 4, 2012 Low wage jobs pay $13.83 per hour or less? We live in the greatest of countries. Quote Link to comment Share on other sites More sharing options...
Avernus Posted September 4, 2012 Share Posted September 4, 2012 every time someone posts about however many jobs were created, I ask about this very topic and nobody reports it on any website or anything... now we know what I have been concerned about...I wonder where we go from here.. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted September 4, 2012 Share Posted September 4, 2012 then we're really screwed, because economic growth right now is pathetic, particularly for a "recovery". No doubt it sucks, but compared to the hole we were in was quicker growth even possible? Serious question. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 4, 2012 Author Share Posted September 4, 2012 No doubt it sucks, but compared to the hole we were in was quicker growth even possible? Serious question. usually, you see what is called the rubber band effect, where the deeper the recession, the stronger the snap-back to trend once genuine recovery is underway. this, to my knowledge, is more or less true of every US recession/recovery EXCEPT the Great Depression and this one. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted September 4, 2012 Share Posted September 4, 2012 (edited) McPizza Edited September 4, 2012 by bushwacked Quote Link to comment Share on other sites More sharing options...
Big John Posted September 4, 2012 Share Posted September 4, 2012 McPizza Quote Link to comment Share on other sites More sharing options...
bushwacked Posted September 4, 2012 Share Posted September 4, 2012 It won't be long now. Quote Link to comment Share on other sites More sharing options...
delusions of grandeur Posted September 4, 2012 Share Posted September 4, 2012 (edited) Low wage jobs pay $13.83 per hour or less? We live in the greatest of countries. $28,000 (and that's the top end for a full-time employee in that range) doesn't go nearly as far anymore, when just basic living costs continue to increase. I had to do a double take the last few times I've gone shopping at the store at the prices (of course this is also a component of gas prices, but that's a whole different matter alltogether, though obviously inflation as always has affected it too). The only ones who benefit from higher minimum wages and inflation are the big boys who can streamline costs, while it hurts smaller companies' ability to compete. Also, higher wages are also a big reason for unemployment that disproportionately affects the less educated/skilled minorities and poor. I'll stop now though, because I'm pretty sure we've had this discussion before, and it fell on deaf ears. I'm not sure when the Keynesians will realize that you can't manipulate and inflate your way out of this mess. Edited September 4, 2012 by delusions of grandeur Quote Link to comment Share on other sites More sharing options...
Hugh B Tool Posted September 5, 2012 Share Posted September 5, 2012 (edited) So squeezing more out of less just started happening during this admin.? Sorry it has been happening since 9/12 and they've been using 9/11 as an excuse ever since. Of course our brilliant and moralistic GOP hatchetman candidate whom shipped millions of American jobs ove seas after taking over companies has little or nothing to do with it? Man I need to smoke a little reefer and try and forget about this. Then I can believe anything I want to when reading. I have actually stayed about even the past 4 years. It was the 8 before that really dropped the boom on most folks such as myself. Edited September 5, 2012 by Hugh B Tool Quote Link to comment Share on other sites More sharing options...
Bronco Billy Posted September 5, 2012 Share Posted September 5, 2012 So squeezing more out of less just started happening during this admin.? Sorry it has been happening since 9/12 and they've been using 9/11 as an excuse ever since. Of course our brilliant and moralistic GOP hatchetman candidate whom shipped millions of American jobs ove seas after taking over companies has little or nothing to do with it? Man I need to smoke a little reefer and try and forget about this. Then I can believe anything I want to when reading. I have actually stayed about even the past 4 years. It was the 8 before that really dropped the boom on most folks such as myself. Can you name the companies that The Hatchetman Candidate took over and then the number of jobs from those companies that he shipped overseas? TIA Quote Link to comment Share on other sites More sharing options...
jetsfan Posted September 5, 2012 Share Posted September 5, 2012 2) our whole economy continues to undergo a structural shift from a manufacturing economy to a service and ideas based economy where lower paying unskilled jobs dominate. This would be true regardless of who was in the seats of power in Washington. This pisses me off to no end. I cannot get good steel, aluminum or nickel in this country anymore without having to wait a year or more. It is becoming impossible to actually build anything. and don't get me started on that crap that the Chinese are passing off as steel. MFer's are poisoning the hell out of the world and no one gives a taco because it's cheap. 1 Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 5, 2012 Share Posted September 5, 2012 MFer's are poisoning the hell out of the world and no one gives a taco because it's cheap. The market is always efficient. Why do you hate capitalism? Quote Link to comment Share on other sites More sharing options...
Ditkaless Wonders Posted September 5, 2012 Share Posted September 5, 2012 We need to take all the money from the rich! It will fix everything* * - for about 8 1/2 days. After that we'll have to find another source of income... Let's cross that bridge 8 & 1/2 days from now, or as Obama would have it 8 & 1/2 days after the election. Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 5, 2012 Share Posted September 5, 2012 We need to take all the money from the rich! It will fix everything* * - for about 8 1/2 days. After that we'll have to find another source of income... Since you're so good at building straw men, I could use a scarecrow for the my vegetable garden. Quote Link to comment Share on other sites More sharing options...
Ditkaless Wonders Posted September 5, 2012 Share Posted September 5, 2012 Since you're so good at building straw men, I could use a scarecrow for the my vegetable garden. I've got a Brett Favre Big Head I could send. If you wrap that around a duffle bag it could make a nice scarecrow. It would also keep Jenn Sterger's out of your garden. 1 Quote Link to comment Share on other sites More sharing options...
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