Sunday, April 6, 2014

The Economy - Employment

The good news of late is that we have finally recovered all the private sector jobs we lost in the last recession. at first look that is good news, but if we step back and look the numbers, there is another story unfolding. Yes, on a pure numbers basis we have recovered all the jobs we lost, but are they of the same quality or better? Unfortunately for those who lost their jobs, the new ones pay less and are usually temporary. Most of the jobs lost in the recession paid over $20/hr. Most of the new jobs created after the recession are low wage jobs paying around $10/hr. Also, most of the new jobs are temporary or part time. I don't know about you, but that does not sound like good news to me.

What do you think?

http://www.mybudget360.com/temporary-employment-united-state-part-time-work-force-japan-parallels/