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The Low-Wage Jobs Explosion
CNN/Money ^ | 9/2/12 | Tami Luhby

Posted on 09/02/2012 7:46:34 PM PDT by Nachum

NEW YORK — Sure, the economy is adding jobs these days…but most of those positions pay pretty poorly. 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. “The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America’s deficit of good jobs,” said Annette Bernhardt, NELP’s policy co-director. “While there’s understandably a lot of focus on getting employment back

(Excerpt) Read more at fox2now.com ...


TOPICS: News/Current Events
KEYWORDS: employment; explosion; jobs; lowwage; unemployment
Obama wages
1 posted on 09/02/2012 7:46:39 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 09/02/2012 7:48:18 PM PDT by Nachum (The List was hacked- www.nachumlist.com)
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To: Nachum

I never hear anyone talk of “McJobs”. I wonder why?


3 posted on 09/02/2012 7:51:11 PM PDT by ClearCase_guy (ua)
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To: Nachum

Hmmm.

The NY Times just recently had a piece on this exact same topic as well.

I know the MSM is careful to run interference for the Kenyan on these kinds of stories, but he can’t be pleased to see them being put out there.


4 posted on 09/02/2012 7:51:20 PM PDT by comebacknewt (Newt (sigh) what could have been . . .)
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To: comebacknewt

Notice how they talk about “The Recovery” in the first few sentences.

What a joke.


5 posted on 09/02/2012 7:57:08 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Nachum

This is the normal result of communist economic policies.

More wage inequality.


6 posted on 09/02/2012 7:58:44 PM PDT by <1/1,000,000th%
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To: Nachum
I remember the Dems and the "news" media condemning Reagan's jobs recovery as "McJobs" - dead-end, low-paying jobs, which some where, yeah, but I'd say most jobs were much better than that.

I know I was better off after four years of Reagan than I would have been with four more years of Carter. I predict that four years from now, after Romney and Ryan have been in office, we'll see another heavy economic expansion similar to the 80's. Oh, and don't forget, not soon after Romney is inaugurated, the homeless will magically reappear.

7 posted on 09/02/2012 8:03:33 PM PDT by jeffc (The U.S. media are our enemy)
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To: Nachum

Yep, and the numbers help Obama mask the real story.


8 posted on 09/02/2012 8:04:43 PM PDT by NonValueAdded (Taranto: "The whole point of the metaphor is that if you can hear the whistle, you're the dog.")
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To: Nachum

Yep. After the lay off...took a job at$12 dollars less an hour. Can’t consume luxury items and can barely save. Thanks Obammy for making me “equal”!


9 posted on 09/02/2012 8:05:46 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: Nachum

A completely ‘service economy’ will not work for long.
In order to stay viable and growing, manufacturing must be first and foremost the bedrock of any economy that will ever hope to last.
You cannot build a strong nation on nail salons, fast food and entertainment venues........


10 posted on 09/02/2012 8:13:01 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Dallas59

I believe Michael Savage wrote a book about this. Title was Trickle Up Poverty.


11 posted on 09/02/2012 8:14:55 PM PDT by Jet Jaguar
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To: Dallas59

The purpose of socialism is to make everyone equally miserable........


12 posted on 09/02/2012 8:15:02 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Nachum

Not necessarily obama wages, more like global wages. Don’t expect any change no matter which of the two liberals end up @ 1600 Pennsylvania ave.


13 posted on 09/02/2012 8:15:05 PM PDT by wrench
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To: Nachum

Isn’t that what the libs say when they’re complaining about Wal Mart? Is this the Wal Mart recovery?


14 posted on 09/02/2012 8:22:39 PM PDT by Spok
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To: wrench

Bush and last GOP Congress Federal Deficit 2006. $160 billion

Obama and Last Dem Congress Federal Deficit 2010. $1.6 TRILLION

Right they “all the same” /s


15 posted on 09/02/2012 8:26:42 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: <1/1,000,000th%
This is the normal result of communist economic policies. More wage inequality.

Its a fact that 999 out of 1000 Americans can not grasp. The more of the economy that is in the hands of Gov't controllers and central planners, the more the benefits flow only to those connected to the Gov't.

16 posted on 09/02/2012 8:41:18 PM PDT by PGR88
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To: Red Badger

Fundamentally the only sources of wealth are to
• Extract it - fishing, forestry, mining and drilling
• Grow it - farming
• Manufacture it - from resources extracted or grown
• Transport it - from where it is to where it is needed

Taking in each others laundry (also known as a service economy) doesn’t create wealth, it just spreads it thinner and thinner until it is all gone.


17 posted on 09/02/2012 8:47:30 PM PDT by null and void (Day 1322 of our ObamaVacation from reality - Obama, a queer and present danger)
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To: MNJohnnie
2006 is the year things really changed--and this needs to be pointed out by the Republican Party.

A year or so ago, someone posted an interactive"unemployment map" which showed--VIVIDLY--how unemployment has spread throughout the country.

In 2004 there were pockets of low-employment, red in color. By 2006 those red areas had spread out quite a bit, but by 2008 they were starting to take over the map, and by 2010, the whole country was "bathed in red".

Gave a very simple to understand and visually powerful picture of what the Dims have done to destroy this country--starting when they took control of the Congress!

If anyone can find that map, I'd sure love to see it again!

18 posted on 09/02/2012 9:04:19 PM PDT by milagro (There is no peace in appeasement.)
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To: PGR88

Yes. Because the available wealth keeps decreasing rather than increasing.

The USSR wouldn’t have lasted 20 years without their mineral and oil wealth.


19 posted on 09/02/2012 9:12:21 PM PDT by <1/1,000,000th%
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To: Nachum

It’s the new normal.


20 posted on 09/02/2012 9:13:33 PM PDT by newzjunkey (Election night is 63 days away.)
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To: null and void
<"Fundamentally the only sources of wealth are to • Extract it - fishing, forestry, mining and drilling • Grow it - farming • Manufacture it - from resources extracted or grown • Transport it - from where it is to where it is needed Taking in each others laundry (also known as a service economy) doesn’t create wealth, it just spreads it thinner and thinner until it is all gone."/>

EXACTLY what I was taught many years ago. Another might be knowledge based ideas that can be used and/or sold. Also I was taught that to improve a local ecomomy, such items be sold outside of one's locality to increase local wealth.

21 posted on 09/02/2012 9:15:13 PM PDT by glowworm ( Liberal thot is truly a mental condition... Seek help!)
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To: NonValueAdded

“Yep, and the numbers help Obama mask the real story.”

Nothing is masking it from the people forced to take those jobs (or their families and friends), and nothing is masking it from those that can’t even get those jobs. The horrible economy (unemployment, inflation) should suffice to sink Obama, because they simply can’t be hidden from the average person.


22 posted on 09/02/2012 9:26:49 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: wrench

“Not necessarily obama wages, more like global wages. Don’t expect any change no matter which of the two liberals end up @ 1600 Pennsylvania ave.”

I’d still rather give Romney a try than the token teleprompter; if Romney doesn’t get some results he will get demolished in the mid-term and sent packing two years later.


23 posted on 09/02/2012 9:29:52 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: glowworm

Also, you can’t create wealth by counting it (accountants) or suing it (lawyers). We’ve got FAR too many of those guys in the USA now!


24 posted on 09/02/2012 9:54:59 PM PDT by Frank_2001
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To: Red Badger
A completely ‘service economy’ will not work for long. In order to stay viable and growing, manufacturing must be first and foremost the bedrock of any economy that will ever hope to last.

Junk economics.

Hong Kong has a strong economy, and for most of its modern history, has always had one, yet it manufactures nothing and has no wealth of natural resources either. Hong Kong is a strong economy because it concentrates on what it does best and what the rest of the world (i.e., Hong Kong's customers) finds most valuable: it provides SERVICES to the global economy, and in return, it receives manufactured goods, agricultural goods, etc. "Manufacturing" is not at all necessary for a viable, growing economy; FREEDOM of trade and division of labor are important.

It also follows that if a country manufactures everything it needs on its own, even if it has a great wealth of natural resources, it won't be a strong, viable, growing economy. In fact, it will be a weak economy. The economist Henry George made the following argument in the 19th century, the logic of which is still relevant (and, I believe, still unanswerable) today:

One of the ways a country effectively subdues another country during wartime is by imposing an economic blockade, thus forcing the blockaded country to rely economically completely on itself: trade with other countries is forcibly prevented, so the blockaded country must manufacture everything on its own. No military strategist would think this was a way of strengthening the blockaded country! By forcing the blockaded country to rely completely on its own resources, you obviously weaken it. That's why blockades are imposed. That's why they work.

And yet, certain conservatives (Trump, et al.) believe that if a country such as the US imposed a blockade on itself by implementing economic policies forcing it to manufacture things it could simply trade for much more cheaply, it would somehow have the opposite effect of a military blockade, and would magically strengthen the economy! Obviously, whether a blockade is imposed from the outside by an a enemy nation, or from the inside by one's own government policies, the result will be the same: the blockaded nation will waste its resources, its land, and its labor, trying to be completely self-sufficient, by having to manufacture everything domestically. Under conditions of liberty and free trade, countries do the same thing as individual people: they concentrate their efforts on whatever they do best, and whatever their customers estimate to be of the highest economic value. Then they trade, value for value.

In the case of the US and the rest of the world, what we do best — in other words, what our customers, the global economy estimate to be the contribution with the highest value — are services like electronic component design (not manufacture, but design); computer and smartphone design (not manufacture, but design), software (a service, not a manufactured object), and of course, banking, finance, and insurance. Those services add the most value to various final products, the manufacture and assembly of which are more efficiently done by others, elsewhere.

Finally, a common flawed assumption of much junk economics is that a service is either not a true economic good, or is somehow "less valuable" than a physical good. Thus, according to this view, the service of providing a haircut is less valuable to an economy than the physical manufacture of the scissors. This is utterly untrue and reflects nothing but a materialistic bias on the part of those who make the claim. In fact, "value" in an economy is subjective and in the eye of the beholder — ultimately, the consumer. If consumers are willing to pay a higher price for the service of a haircut than they are for a physical pair of scissors, then by definition the haircut service adds more value to the economy than the manufacture of the physical scissors. That scissors are necessary for providing a haircut is true but irrelevant to the argument.

You might think of it this way: brain surgery is a service; scalpels are physically manufactured objects. Which adds more value to an economy? True, the surgical service requires the physical scalpels, but the scalpels take on a greatly added value in the hands of the skilled surgeon. Same can be said for the scissors and the barber. And the entrepreneurial manufacturer and his banker or financier. And the assembly of smartphones and those who design and improve them: the service ADDS VALUE to the physically manufactured object. And in these cases, the added value is itself of higher value than the original physical object.

Again, what the US should be doing is whatever it does best that adds the most value to the world economy, which, today, is no longer physically manufacturing things, but ADDING VALUE to things manufactured by others, elsewhere, at less cost.

25 posted on 09/02/2012 11:23:26 PM PDT by GoodDay
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To: Nachum

C’mon. It is better to see one working for 13 bucks than one spending gubmint benefits to consume booze and meth instead of working.


26 posted on 09/02/2012 11:48:55 PM PDT by cunning_fish (.)
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To: glowworm
Taking in each others laundry (also known as a service economy) doesn’t create wealth, it just spreads it thinner and thinner until it is all gone."

If people voluntarily pay to have their laundry done, then by definition, it creates wealth, even if it's not something physically tangible. Conversely, if no one buys an ugly, inefficient, Chevy Volt, even if every solid part was patriotically manufactured in the good old USA, then, by definition, zero wealth was created even though the entire product is physically tangible. In fact, there was a net loss of wealth, because Chevy misdirected resources — land, labor, capital — into manufacturing something that no one found valuable. The land, labor, and capital could have been used to create something else that people find valuable . . . for example, they could have been used to build and staff a laundromat that provided the valuable service of taking in people's laundry.

If people voluntary pay money to have their laundry taken in, washed, folded, and handed back to them in a timely manner, and if they do NOT voluntarily want to pay money to Chevy to buy a physically manufactured object such as a Volt, then the service of taking in the laundry has added value — wealth — to the economy, and the manufacture of a physical good like the Volt has added nothing; in fact, it has subtracted wealth from the economy.

Additionally, what you're not seeing is the fact that laundry has to get done, willy-nilly. If my laundry is not done by the low-wage immigrants operating the laundromat down the block, then it has to be done by high-wage-ME, at home. Since my time is worth a lot more than the low-wage immigrant's time, having to do my own laundry results in a loss to the economy — in the same two hours that I might normally waste doing my own laundry, I could have been at the office doing two more hours of productive high-value-added work. That someone else takes in my laundry and does it for me, however, frees up my time and labor so that I can be more productive and add a bit more value to the economy.

Thus, the service of taking in laundry also indirectly creates wealth by freeing up other people's time and labor.

27 posted on 09/02/2012 11:57:05 PM PDT by GoodDay
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To: Nachum

It is not just that so many low wage jobs are being created, many that paid fairly well, are now paying LESS, even though the company is making a very good profit. And those that lost jobs are finding that when companies hire, they now hire at lower wages for the same job. And if you are 50+ you are going to have a harder time finding a job. You are getting to that age where health care is the driving factor not your skills.


28 posted on 09/03/2012 5:51:20 AM PDT by GailA (IF U will not keep your promises to the Military, U won't keep them to the public)
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To: milagro

29 posted on 09/03/2012 5:57:59 AM PDT by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: null and void

No, you’re all wrong. The only sources of wealth are:

* Tax it from “the rich”
* Tax it from “Big Business”
* “Solar Energy” and other “Green Jobs”
* Returns on “Investment” in human capital
* Get the Federal Reserve to print more of it
* Give it to government employees and welfare recipients to multiply by spending it in “the economy” as stimulus


30 posted on 09/03/2012 6:05:23 AM PDT by RFEngineer
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To: RFEngineer

Forgot one:

* General Motors


31 posted on 09/03/2012 6:07:34 AM PDT by RFEngineer
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To: csmusaret

That’s a lot of big red O’s


32 posted on 09/03/2012 6:10:45 AM PDT by P.O.E. (Pray for America)
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To: <1/1,000,000th%
"This is the normal result of communist economic policies. More wage inequality."

And that is the intent, at least the part creating more poor people. This will give the dirty Americans their just award for their supposed excesses, killing the Indians, enslaving blacks, harming the environment, yada, yada yada.

At the same time, these policies are creating more government dependence and the number of likely Dimocratic voters.

The rich get to pay for it all, until they are poor, too.

33 posted on 09/03/2012 6:14:56 AM PDT by HangThemHigh (Entropy's not what it used to be.)
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