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Thread: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

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    CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    cnbc today:

    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?

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    surprised?

    embarrassed yet?
    First, Obama doesn't actually hire fior private sector jobs, or create private sector jobs. So you are lying when you say he made those decisions.

    Second, the reps piss and moan at unions and a higher minimum wage which would help out with higher paying jobs, so the people fighting better wages are actually7 republicans.

    Third the republicans could have had universal healthcare which would have completely removed the obamacare issue and the part time over full time thing is not even an issue with obamacare as companies have used PT workers over full time to avoid paying benefits l;ong before Obamacare.

    So yest I am surprised anyone bought the republican lies, and I am completely embarrassed for you for falling for it and spreading it further. Aren't you behind on your benghazi thread creation for the day?

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    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?
    I am not really surprised.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    I am completely embarrassed
    tell it to cnbc

    in other words, shut up and read

    cnn today:

    Across the world's richest countries, joblessness among 15- to 24-year-olds is estimated at 12.6%, close to its crisis peak, according to the International Labor Organization. The problem is most pronounced in a few parts of the world, including developed economies, such as the United States and parts of Europe.

    In 2012, the rate of joblessness in the richest countries rose to a decades-long high of 18.1%, according to the ILO, which doesn't see the rate drop below 17% before 2016.

    The problem may be rooted in a mismatch of skills, where many young people are overqualified for the jobs they're stuck in. This is seen across Europe's debt-troubled economies, where according to the report, an increasing share of youth have taken up part-time work when they really want full-time jobs. In 2011, 25% of young people were stuck in part-time jobs. Another 40.5% work as temps.

    But while the picture for Europe's youth may look bleak, young people in America have it worse than a few countries in the region. It's indeed surprising, given that the U.S. economy has been recovering, albeit very slowly, while Europe continues to struggle with its debt crisis.

    In 2011, 26.2% of young people in the U.S. were not working. That's higher than Canada with 20.2%, Germany with 20.5%, Japan with 21%, Britain with 21.6% and 22% in France. It wasn't always this way. In 2000, the U.S. led these countries, including Australia, Russia, and Sweden in the share of people with jobs. Now America lags them all.

    The implications are far-reaching, impacting the life-long potential earnings of young people. The longer they're jobless, the harder it is for them to find work. And the longer they're out of work, the further they lag behind in terms of earning potential. Already, young people are borrowing and spending less to buy everything from cars to homes, which has potentially serious implications for the overall economy.
    Young U.S. workers are worse off than in parts of Europe - The Term Sheet: Fortune's deals blogTerm Sheet

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    The problem may be rooted in a mismatch of skills
    What???? You mean that PhD in Sanskrit isn't going to land me a high-paying job????

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    embarrassed yet?
    Funny. Did you read your article?

    It flatly points out that the low wages jobs are from Federal contracts. Meaning, that the PRIVATE FIRMS the Federal Government contracts out to are paying low wages. And since it's a contract job, the private firm is largely free to do its own hiring and wages.

    Relying on the private sector creates low wages jobs. That's what your article is saying.

    Thus, we should actually hire these people as Federal employees and pay them higher wages?

    Seriously Prof, do you even think about what you post?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    It flatly points out that the low wages jobs are from Federal contracts
    yup

    working 2 million poor schmucks at 12 dollars per

    call it an unintended consequence

    just one of many

    How Obama's Stimulus Failed - Chicago Tribune

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by tererun View Post
    First, Obama doesn't actually hire fior private sector jobs, or create private sector jobs. So you are lying when you say he made those decisions.

    Second, the reps piss and moan at unions and a higher minimum wage which would help out with higher paying jobs, so the people fighting better wages are actually7 republicans.

    Third the republicans could have had universal healthcare which would have completely removed the obamacare issue and the part time over full time thing is not even an issue with obamacare as companies have used PT workers over full time to avoid paying benefits l;ong before Obamacare.

    So yest I am surprised anyone bought the republican lies, and I am completely embarrassed for you for falling for it and spreading it further. Aren't you behind on your benghazi thread creation for the day?
    Yeah! It's NEVER Obama's fault...LOL!!!!

    How silly of us, he's just the president.

    At what point are you going to question using incompetance as an excuse for failure?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by apdst View Post
    Yeah! It's NEVER Obama's fault...LOL!!!!

    How silly of us, he's just the president.

    At what point are you going to question using incompetance as an excuse for failure?
    Does the president make you gullible so you believe faux news time and time again when they distract you from real issues using edited or purely made up quotes? Really, keep on blaming obama because you fall for BS. It is all Obama's fault you are gullible and buy this stuff. it is never ever your fault for falling for the same old trick.

    BTW don't blame the rest of us for not buying that piss poor excuse that Obama made you gullible so you have to believe everything faux news says. He did not do that to you. He may have done a lot of things, but he is not at fault for your gullibility. We are not that gullible. We are able to see that you fall for the same old trick every time. You want everyone else to ignore the reality of the situation because it makes you feel bad you were caught up supporting complete BS yet again. perhaps you should take a step up and wait for the full story to come out instead of trusting that faux news didn't blow things way out of proportion yet again.

    Seriously, have you missed the huge irony of all of this. Faux news lies and misleads the public using altered quotes and piss poor paraphrasing. So because of this the white house ends up having to try to compose everything in a way that faux news cannot misrepresent. It is impossible to do that because ecven if it becomes impossible to misrepresent faux news will just lie and make crap up like they did in this case. So because the white house second guesses every statement it is about to make 100 times to try and keep faux news on track they end up getting criticized by faux news for trying to combat the stupid faux news keeps pushing on society. It is called bitching about a problem you created. It is what happens when you chase down stupid and try to fix the problem. It is like listening to rednecks complain because the shampoo bottle has instructions. They are on there because rednecks can't figure out the proper way to use soap. Since rednecks also cannot read properly it makes no friggen sense to have written instructions on how to use the product, and it doesn't help stupid not to drink their product. So years later we have rednecks who have heard from their literate friends that there is instructions on soap and they think they are so smart for making really old comments on it's presence.

    Stop believing everything you hear from faux news like it is the word of god and maybe the next time this happens you won't get caught up in one of their crazy screw ups and look silly yet again because you bought their BS. It is not our fault you fell for it, so quit blaming us for your embarrassment.

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Rednecks and soap and Fox News? What?

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