Thursday, March 10, 2011

Jobs returning but good ones, NOT!

Welcome to the United Corporations of America, home of the pittance wage!

Jobs returning — but good ones, NOT!

Isn't it amazing, when an informative but startling article (Below) like this is
written about the fast decline of the middle-class...?
Astonishing, that there’s not a conservative snarky comment
to be found (I did not go through the 4192 responses but past
articles would be full of tea party delusional mind-set
verbiages, right from the get-go) I wonder why that is...?
Perhaps (for those who wear rose colored glasses 24/7) these
reality fact-checks, (opposed to the Fox News misinformation
type) are a little too close to what they are feeling in their
real lives, just too damn outright, to scribble nasty things all
over the comments portion. It must be painful for these people to
confront the dire straits we Americans are in, due to the
Billionaires with pockets full of politicians doing their bidding
to get them even more wealth and power… I fear for us
Americans, who use to fancy ourselves middle-class, we are a
dying breed and it may take years (longer than one's lifetime) to
get back any resemblance of our past when it took only one person
per household to bring home the bacon. Welcome to the United
Corporations of America, home of the pittance wage and corporate
personhood! thinkingblue

Jobs returning — but good ones not so much

By Zachary Roth

When it comes to jobs, it's not just quantity that matters--it's
also quality. It's great news that the economy is finally
producing jobs again--even if it'll take another few years of
this kind of growth to get us back to where we were before the
Great Recession. But that also means it's now time to ask what
kind of jobs are being created. And on that front, things are a
lot less encouraging.

Several recent studies suggest that the new jobs pay less and
offer fewer work hours than the ones they have replaced. Let's
look at the numbers:

• 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.

• Meanwhile, the percentage of those working who have
part-time jobs and want full-time ones surged in mid-February to
19.6 percent -- almost as high as it was a year ago before the
recovery began, according to Gallup numbers. That suggests, of
course, that a large number of the new jobs created over the last
year are part-time.

• 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.

There are no easy answers for how to fix the problem. Some argue
that workers need more clout in their relationship with
employers, something that would require a renaissance of
private-sector labor unions, which have been on the decline for
the last half-century. But that prospect looks unlikely: Indeed
efforts are underway in several states to make public-sector
unions as weak as their private-sector counterparts.

Still, as the economy continues to add jobs in the coming months,
it's worth keeping the issue of quality in mind. An economy with
a glut of low-paying and part-time jobs isn't an economy that's
working for most Americans. COMMENTS HERE

Now please listen to Michael Moore's passionate oracle about the
Corporatehood Shenanigans’ that have happened in Wisconsin.



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