The Prof
DP Veteran
- Joined
- Jul 26, 2009
- Messages
- 12,828
- Reaction score
- 1,808
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
cnbc today:
Federal government creates more low-wage jobs than Wal-Mart - NBC News.com
the obama economy is too few jobs, with what little work there is being depressingly low paying
and keynesian stim, for whatever reasons, perversely upon this patient today appears only to exacerbate the condition
like a blood pressure medicine that succeeds well in regulating for years, suddenly amok
the la times reported in september that 58% of all jobs generated during the "obama recovery" pay between 8 and 12 dollars per hour
Majority of new jobs in recovery are low-paying - Los Angeles Times
the pathetic april jobs report, with its paltry 165,000 jobs insufficient even to keep up with population, was 1/5 temporary work (31,000 net hires), and part time was on a high upswing, as well, almost surely cuzza obamacare (ask senator shaheen from hampshire)
CNN: April jobs report - May 3, 2013
food stamps---americans can't feed themselves by themselves
Record Number of Households on Food Stamps-- 1 out of Every 5 | CNS News
disability---many of whom suffer primarily from a broken heart
8,853,614: Americans on Disability Hits Another Record; Exceeds 3x Population of Chicago | CNS News
workforce, participation rate receding, depressed, 2 million drop outs in the last 6 months
Unemployment Rate Dips 0.1%, But Workforce Participation Rate Falls 0.2% | CNS News
it is what it is
the most corrupt administration since nixon, engineer of the obamacare trainwreck
and millions of part time, temporary, 12 dollar per hour jobs
surprised?
embarrassed yet?
The federal government is better at creating low-paying jobs than Wal-Mart and McDonald's combined, according to a new report.
A study released earlier this month from the public policy group Demos states thatthrough various forms of government funding in the private sector, nearly two million people are making $12 an hour or less. The number of workers at Wal-mart and McDonald's together at $12 an hour or less is currently around 1.5 million, according to the report. "The sheer number of those workers making so little is surprising," said Amy Traub, a senior policy analyst at Demos and co-author of the study.
"People at these levels of income have to go on food stamps or other forms of government assistance and this just compounds the problem," Traub argued. "They're not making a living wage and the economy suffers."
Federal contracting to the private sector has grown over the years, doubling between 1990 and 2009, though it has decreased slightly since 2010, according to the Demos survey. But the amount is still huge. American businesses got $446.5 billion from taxpayers last year in the form of grants, loans, and subsidies. Industries receiving funds include manufacturing, construction, food service, health care, retail and manufacturing. The number of workers under that funding totals 2.2 million.
The report says that most of the low-wage workers are clustered in sectors like apparel, construction, education and retail. But even industries seen as higher paying, such as scientific research, are among those with workers making $12 or less an hour.
The biggest offenders came from those companies receiving direct federal contracts. Some 560,000 workers in those firms make $12 an hour or less, says the report.
Breaking down the sectors in all government funding shows retail— with 59,977 people making $12 an hour or less—the largest group with low wages.
"This is another example of our low-wage economy," said Jason Bent, a professor of employment law at Stetson University. "Private companies with government contracts are doing the same thing as those that don't have contracts. They're paying low wages to cut costs."
Companies receiving some sort of government funding are mandated by law to uphold high employment practices including prevailing wages within a particular area of work.
But the Demos report states that most firms are not holding up their end of the bargain and are actually creating a wage gap.
Traub says the study highlights the disparity between those at the top of firms with government funding and those at the bottom. It singled out CEOs at Lockheed and Northrop Grumman—whose firms are headquartered in the Washington, D.C., area—for making millions in compensation while about 15 percent of federal contract workers in the same region are low-wage.
Low-wage jobs are becoming standard in the economy, say experts. A National Employment Law Project report in 2012 found that three out of five jobs added after the recession have been low-wage jobs, even though just one in five jobs lost during the recession was low-wage.
About a third of all workers in the U.S. make $12 an hour or less. A $12 an hour job is equivalent to a full-time worker with an annual income of $24,000 a year. For 2013, the Federal poverty guideline is an annual income of $23,550 for a family of four.
Federal government creates more low-wage jobs than Wal-Mart - NBC News.com
the obama economy is too few jobs, with what little work there is being depressingly low paying
and keynesian stim, for whatever reasons, perversely upon this patient today appears only to exacerbate the condition
like a blood pressure medicine that succeeds well in regulating for years, suddenly amok
the la times reported in september that 58% of all jobs generated during the "obama recovery" pay between 8 and 12 dollars per hour
Majority of new jobs in recovery are low-paying - Los Angeles Times
the pathetic april jobs report, with its paltry 165,000 jobs insufficient even to keep up with population, was 1/5 temporary work (31,000 net hires), and part time was on a high upswing, as well, almost surely cuzza obamacare (ask senator shaheen from hampshire)
CNN: April jobs report - May 3, 2013
food stamps---americans can't feed themselves by themselves
Record Number of Households on Food Stamps-- 1 out of Every 5 | CNS News
disability---many of whom suffer primarily from a broken heart
8,853,614: Americans on Disability Hits Another Record; Exceeds 3x Population of Chicago | CNS News
workforce, participation rate receding, depressed, 2 million drop outs in the last 6 months
Unemployment Rate Dips 0.1%, But Workforce Participation Rate Falls 0.2% | CNS News
it is what it is
the most corrupt administration since nixon, engineer of the obamacare trainwreck
and millions of part time, temporary, 12 dollar per hour jobs
surprised?
embarrassed yet?