Page 1 of 4 123 ... LastLast
Results 1 to 10 of 33

Thread: NYT: Majority Of New Jobs Pay Low Wages, Study Says

  1. #1
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    NYT: Majority Of New Jobs Pay Low Wages, Study Says

    While a majority of jobs lost during the downturn were in the middle range of wages, a majority of those added during the recovery have been low paying, according to a new report from the National Employment Law Project.

    The report looked at 366 occupations tracked by the Labor Department and clumped them into three equal groups by wage, with each representing a third of American employment in 2008. The middle third — occupations in fields like construction, manufacturing and information, with median hourly wages of $13.84 to $21.13 — accounted for 60 percent of job losses from the beginning of 2008 to early 2010.
    http://www.nytimes.com/2012/08/31/bu...inds.html?_r=1

    high wage jobs were 19% of jobs lost during the recession, 20% of new jobs created since then

    60% of middle wage workers were slashed in the darkest days, only 28% have come back

    and at the bottom, $7.69 to $13.83: 21% of jobs lost were what used to be called "entry level"

    a tragic, heartbreaking 58% of new jobs created since the end of the recession, which almost exactly coincides with the three years of obama's failed presidency, are the lowest on the rung

    the greatest number of jobs created in the barack hussein obama "recovery" were in retail, averaging $10.97, followed by food prep and service, $9.04

    and it's not like there's an abundance of these go-nowhere repositories of hopelessness, laments the gray lady (nyt)---there's so few net jobs to start with, any little inroad makes a large share

    that's the new york times talking, folks---friday, august 31

    where do you go to retrieve your self respect?

    obama depends on the uninformed---but it's pretty hard not to know when you're hosing down the parking lot in your chick fil'a uniform

    "many" of these jobs, she laments, are being filled by older workers whose retirement plans have been wrecked, with no currently conceivable hope of rebound

    last week just about every major msm outlet out there (cbs, the globe which is owned by the times, cnn, usnwr) stopped what they were doing to report that middle class incomes have declined TWICE as fast AFTER the recession officially ended than they did DURING the worst days of the recovery

    a very, very under-appreciated parameter in all poor-economy elections, standing powerfully beside unemployment rates, is WAGES

    few talk about it but the pros all know

    and WAGES in this hussein obama economy are, i believe, significantly worse than the pure bls numbers that come out on the first friday of every month

    incidentally, obama will close his convention in charlotte with his acceptance speech thursday nite, and we will all awake the next morning to another pitiful bls report that shows more americans going on disability than finding new employment

    it is what it is, you really need to learn to see moves ahead

    oblivious obama sure can't

    the middle class is hurting hard across the board, but the pain is particularly acute in two places---youth and those nearing retirement

    no spin, lynn

    seeya at the polls
    Last edited by The Prof; 09-01-12 at 04:45 AM.

  2. #2
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 05:37 AM
    Lean
    Very Liberal
    Posts
    93,290
    Blog Entries
    2

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    July 31: Obama Forecast Improves on Data Showing Faster Income Growth - NYTimes.com

    President Obama’s chances of winning the Electoral College improved slightly on Tuesday, to 69.0 percent from 66.9 percent one day earlier, according to the FiveThirtyEight forecast model. The change was because of new government data showing faster growth in personal income, one of the seven economic data series that our forecast model uses.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

  3. #3
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    govt data projects faster growth in incomes?

    what a relief

    having fallen twice as fast in the three years AFTER the recession ended than incomes dropped DURING the deepest, darkest days of decline---such that 58% of what paltry jobs created in these 3 years of obamite hopelessness and despair earn between $7 and $14 an hour---all sober and mature americans can finally sigh easily at these glad tidings from labor and exclaim, it's none too soon

    LOL!

  4. #4
    Sage

    Join Date
    Oct 2011
    Location
    The Republic of Texas.
    Last Seen
    11-15-17 @ 11:40 PM
    Gender
    Lean
    Other
    Posts
    5,647

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    Well, it is a "buyers" market for labor. Since labor is a competitive market, just like most anything else, when we are overstocked with available labor, it is going to cause lower wages.

    Add to this the growing and large costs of benefits and arduous laws and unions making almost impossible to get rid of bad workers, I have seen many companies switch to only hiring part-time/temps so that they have a "vetting" process. Even the part-timers rarely get fired, the usual process is to cut their hours until they quit. Luckily for our companies, there are no unions involved, so they at least can have some method of getting rid of bad workers, there is not union "sign-off" to get rid of someone.

    This was not a totally unpredictable result from labor laws intended to provide job security and benefits packages. While the needs and wants of workers does need to be addressed, the needs and wants of employers also needs to be part of the process. It has to have some balance or it fails. You cannot give to the workers every thing they want at the cost to employers, ignoring or being hostile to them, or the employers will eventually just leave if they can or simply close if it becomes unprofitable or to arduous to continue doing business.

    As the job market and business environment has become more arduous and hostile to companies, they have been moving those jobs. Outsourcing. Why people think this would not and should not happen is beyond me. The government recently has not only tried to become more and more hostile to companies, it has been actively inciting hatred and animosity towards business. Is it any real surprise that we now see companies that are able start moving overseas? I don't think so.

    Depending on whether they see some kind of hope of change come November, next year we could see the beginning of a mass exodus of those who are able. Some posters here have been very hostile towards the idea of them leaving and have advocated trying to stop them. That was tried by the Soviet Union and East Germany. Do we really want a "Berlin Wall" around America now? I know if someplace was extremely hostile towards me, I would either fight back if I could, or go elsewhere if I couldn't. I think most people, put in a constantly hostile environment will take one of those two options. You expect people who own or run business to do any different. Do you actually expect them to lie down and allow themselves to be repeatedly kicked and beaten down like an abused dog?

  5. #5
    Sage
    samsmart's Avatar
    Join Date
    Dec 2009
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    10,316
    Blog Entries
    37

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    Quote Originally Posted by The Prof View Post
    http://www.nytimes.com/2012/08/31/bu...inds.html?_r=1

    high wage jobs were 19% of jobs lost during the recession, 20% of new jobs created since then

    60% of middle wage workers were slashed in the darkest days, only 28% have come back

    and at the bottom, $7.69 to $13.83: 21% of jobs lost were what used to be called "entry level"

    a tragic, heartbreaking 58% of new jobs created since the end of the recession, which almost exactly coincides with the three years of obama's failed presidency, are the lowest on the rung

    the greatest number of jobs created in the barack hussein obama "recovery" were in retail, averaging $10.97, followed by food prep and service, $9.04

    and it's not like there's an abundance of these go-nowhere repositories of hopelessness, laments the gray lady (nyt)---there's so few net jobs to start with, any little inroad makes a large share

    that's the new york times talking, folks---friday, august 31

    where do you go to retrieve your self respect?

    obama depends on the uninformed---but it's pretty hard not to know when you're hosing down the parking lot in your chick fil'a uniform

    "many" of these jobs, she laments, are being filled by older workers whose retirement plans have been wrecked, with no currently conceivable hope of rebound

    last week just about every major msm outlet out there (cbs, the globe which is owned by the times, cnn, usnwr) stopped what they were doing to report that middle class incomes have declined TWICE as fast AFTER the recession officially ended than they did DURING the worst days of the recovery

    a very, very under-appreciated parameter in all poor-economy elections, standing powerfully beside unemployment rates, is WAGES

    few talk about it but the pros all know

    and WAGES in this hussein obama economy are, i believe, significantly worse than the pure bls numbers that come out on the first friday of every month

    incidentally, obama will close his convention in charlotte with his acceptance speech thursday nite, and we will all awake the next morning to another pitiful bls report that shows more americans going on disability than finding new employment

    it is what it is, you really need to learn to see moves ahead

    oblivious obama sure can't

    the middle class is hurting hard across the board, but the pain is particularly acute in two places---youth and those nearing retirement

    no spin, lynn

    seeya at the polls
    Ummmm....

    But aren't conservatives against collective bargaining for wages?

    And against wage and salary controls for CEOs?

    And against the minimum wage?
    Also, we need to legalize recreational drugs and prostitution.

  6. #6
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Yesterday @ 10:42 PM
    Gender
    Lean
    Independent
    Posts
    37,069

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    the OP is a great argument for labor unions, and is just one more nail in the coffin of trickle down economics as a sustainable positive for the middle class.

  7. #7
    Sage
    samsmart's Avatar
    Join Date
    Dec 2009
    Last Seen
    @
    Gender
    Lean
    Other
    Posts
    10,316
    Blog Entries
    37

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    Quote Originally Posted by Helix View Post
    the OP is a great argument for labor unions, and is just one more nail in the coffin of trickle down economics as a sustainable positive for the middle class.
    Or, if not labor unions, then a welfare state that provides food, housing, and transportation subsidies to the working poor.
    Also, we need to legalize recreational drugs and prostitution.

  8. #8
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    Quote Originally Posted by DVSentinel View Post
    know if someplace was extremely hostile towards me, I would either fight back if I could, or go elsewhere if I couldn't. I think most people, put in a constantly hostile environment will take one of those two options. You expect people who own or run business to do any different. Do you actually expect them to lie down and allow themselves to be repeatedly kicked and beaten down like an abused dog?
    What on earth are you rambling about? Modern day USA is as friendly to business as just about any other country in the developed world, and boasts the largest capable consumer base in the free world. Those who are moving overseas are doing so largely in order to expand their consumer base, reduce labor costs and maximize profit margins. To operate on the notion that the USA overnight has become simply inhospitable to business is simply absurd. A quick read that might alleviate a flurry of misconceptions.

    Ease of doing business index (1=most business-friendly regulations) | Data | Table

  9. #9
    Sage
    Fletch's Avatar
    Join Date
    Feb 2012
    Location
    Mentor Ohio
    Last Seen
    Today @ 07:06 AM
    Gender
    Lean
    Libertarian
    Posts
    15,267

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    Quote Originally Posted by Helix View Post
    the OP is a great argument for labor unions, and is just one more nail in the coffin of trickle down economics as a sustainable positive for the middle class.
    If there was "a great argument for labor unions," labor unions would be making it. Unions are in decline precisely because there is not a good argument for their existence. As for wages, they arent really the only measure of wealth. What things cost plays an equally imoportant role. A millionaire, for example, isnt particularly well off if a Happy Meal runs him a million bucks. Inflation is more devastating to wealth than anything else and inflation is the result of government policy.

  10. #10
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Yesterday @ 10:42 PM
    Gender
    Lean
    Independent
    Posts
    37,069

    Re: NYT: Majority Of New Jobs Pay Low Wages, Study Says

    Quote Originally Posted by samsmart View Post
    Or, if not labor unions, then a welfare state that provides food, housing, and transportation subsidies to the working poor.
    i'm just happy to see a hyperpartisan republican poster who is so concerned about the plight of the working poor. i hope that his next thread is about extreme income inequality, the effect that the inequality has on market volatility, and the measures we should take to remedy the situation.

Page 1 of 4 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •