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Lower-wage industries -- things like retail and food preparation -- accounted for 23 percent of the jobs lost during the recession, but 49 percent of the jobs gained over the last year, a recent study (pdf) by the National Employment Law Program found. Higher-wage industries, by contrast, accounted for 40 percent of the jobs lost, but just 14 percent of the jobs gained. In other words, low paying jobs are increasing as a percentage of total jobs, while high-paying jobs are on the decline.
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And a recent Wall Street Journal analysis found that even though productivity rose 5.2 percent from mid 2009 to the end of 2010, wages increased by just 0.3 percent. That means only 6 percent of productivity gains were shared with workers. In past recoveries, that figure has averaged 58 percent. This time around, far more of the gains went to shareholders, in the form of profits, which are at record levels (http://us.rd.yahoo.com/dailynews/news/yblog_thelookout/ts_yblog_thelookout/storytext/jobs-returning-but-good-ones-not-so-much/40587844/*http://news.yahoo.com/s/yblog_thelookout/20101210/bs_yblog_thelookout/record-corporate-profits-not-producing-jobs - broken link).
Jobs returning — but good ones not so much - Yahoo! News (http://news.yahoo.com/s/yblog_thelookout/20110309/ts_yblog_thelookout/jobs-returning-but-good-ones-not-so-much - broken link)
An interesting look at the current state of job growth in the US, we cannot sustain ourselves on minimum wage jobs indefinitely.
Jobs returning — but good ones not so much - Yahoo! News (http://news.yahoo.com/s/yblog_thelookout/20110309/ts_yblog_thelookout/jobs-returning-but-good-ones-not-so-much - broken link)
An interesting look at the current state of job growth in the US, we cannot sustain ourselves on minimum wage jobs indefinitely.
The GOP plan to hurt unions should help that trend along.
I actually don't know how a middle class GOP voter that claims to hop their children to have a better life than they did is able to look their children in the eye.
The GOP plan to hurt unions should help that trend along.
I actually don't know how a middle class GOP voter that claims to hop their children to have a better life than they did is able to look their children in the eye.
Yeah, God knows if we don't enrich union owned insurance plans, it will be the end of the Republic as we know it!
Jobs returning — but good ones not so much - Yahoo! News (http://news.yahoo.com/s/yblog_thelookout/20110309/ts_yblog_thelookout/jobs-returning-but-good-ones-not-so-much - broken link)
An interesting look at the current state of job growth in the US, we cannot sustain ourselves on minimum wage jobs indefinitely.
Food preparation a low quality job? My family gives thanks every night to the person who prepared our food, that would be me. We also give thanks to the people who grew it and the people who handled it.
Yeah, God knows if we don't enrich union owned insurance plans, it will be the end of the Republic as we know it!
All you have to do is compare union towns, like Detroit and Camden, NJ, to non-union towns any anyone with a brain can tell union is the way to go for prosperity.
Bascially mnay are not hiring any jobs that they really would spend any omney on because they are more tempoary types. They want to keep the bottomline lean in these times.
I think the US needs to accept that a lot of those old jobs aren't coming back, period.
Massive redundancies in middle-management white collar jobs aren't coming back.
Those old bread and butter manufacturing jobs that helped build the middle class aren't coming back, because we've offshored the majority of our manufacturing.
We are all blessed not to be born in a country where there is truly nothing, no jobs, no food, no safety, no clean water, not even hope. Be glad you weren't born in the 3rd world. I think too many Americans lack perspective right now. Two thirds of the world would kill to live with our 1st world problems.
This is America and I have faith that something extraordinary is going to come out of this recession. Like the tech boom of the 90's did, to expand our job markets, and eventually, our prosperity.
Creative people, ingenious people, new-tech of some sort... it will happen if people would stop running around screaming that the sky is falling and fighting over all the talking points the "media" foists on us and get to work to improve this country for everyone.
That might be too optimistic for the P&C (Doom & Gloom) forum though.
It's one thing to except natural, globalization, and opening of free markets.
Things change.
It' quite another to grease the skids of these trends to pull in Billions for yourself and pull the rug from under working citizens. That's what GOP greed does.
Wow..finally waking up to the long term effects of globalization.
Too late though.
You had your chance in the 70's when blue collar mfg left the shores.
You had another chance in the 90's when white collar IT started leaving the shores.
What's left is service type jobs.
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