The Rise of the Part-Time and Disposable Employment Army
Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.
from My Budget 360
The headline employment numbers present a glamorous picture of the economy but one that is not based on reality. After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low. And for a growing number of Americans those in the actual workforce, many are being stuck in part-time jobs or are part of the low wage service sector economy. A large number of young Americans graduating with back breaking levels of debt and degrees are finding jobs such as baristas at Starbucks or working the checkout lines at Target. The wages earned here are simply not going to go far enough to cover the massive $1.3 trillion in student debt outstanding. We have traded good paying jobs for bread and circus jobs. Why bread and circus jobs? Because the current economy is largely designed to distract people into mindless consumption while the middle class slowly disappears through the fingers of Americans.
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Source: http://financialsurvivalnetwork.com/2016/01/the-rise-of-the-part-time-and-disposable-employment-army/?utm_source=rss&utm_medium=rss&utm_campaign=the-rise-of-the-part-time-and-disposable-employment-army
