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Most jobs created in this recovery are low-wage, study finds
Market Watch ^ | May 1, 2014 | by Greg Robb

Posted on 05/01/2014 11:47:51 AM PDT by Oldeconomybuyer

A majority of the new jobs created in the four years of the recovery have been in low-wage sectors, according to a new report released this week.

“Deep into the recovery, job growth is still heavily concentrated in lower-wage industries,” said the National Employment Law Project, a progressive research group which has been pushing for Congress to increase the minimum wage.

Lower-wage industries accounted for 22% of job losses during the recession but 44% of employment growth over the past four years.

(Excerpt) Read more at blogs.marketwatch.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: failure; obamanomics; recovery; socialism
RECOVERY SUMMER VI!!
1 posted on 05/01/2014 11:47:51 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Wasn’t there some book where a positive word was used over and over again to refer to something it so definitely was not...

maybe that was 1984...


2 posted on 05/01/2014 11:49:29 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Oldeconomybuyer

Raise the minimum wage to $30 per hour, make them all middle class.

‘Give America a raise ‘

DADADA


3 posted on 05/01/2014 11:53:27 AM PDT by sickoflibs (Obama : 'You can keep your doctor if you want. I never tell a lie ')
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To: Oldeconomybuyer
I remember + prediction..
4 posted on 05/01/2014 12:00:06 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Oldeconomybuyer

Must be why ****head in the White Hut is trying to pass an increase in the minimum wage. He wants to turn low wage jobs into high paying jobs so his job approval numbers can improve. LOL! Oh man. Communist DemocRATS are something else. The government forcing a “fries guy” job into becoming a “good, high paying job” requiring a Ph.D in Angry Women Studies. Whadda country!


5 posted on 05/01/2014 12:00:09 PM PDT by FlingWingFlyer (Obama's smidgens are coming home to roost.)
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To: Oldeconomybuyer
Didn't the "news" media call those "McJobs" back during Reagan's administration?

Of course, there were those, but also plenty more real jobs paying good money, but the "news" media didn't want to report on those.

6 posted on 05/01/2014 12:06:55 PM PDT by jeffc (The U.S. media are our enemy)
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To: MrB

Like “gay”?


7 posted on 05/01/2014 12:10:06 PM PDT by Resolute Conservative
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To: Oldeconomybuyer

The territory that was once known as “the United States of America” has been living in a depressed economy comparable the original Great Depression of 1930-1940. The more obvious signs of financial reality have been disguised by massive wealth transfers, and by manipulations of the monetary supply (referred to as “quantitative easing”) that have artificially propped up the stock markets. Meanwhile, real measures of relative average wealth are falling precipitously, and whatever “growth” there is more akin to the growth of a cancerous tumor, threatening the very existence of the rest of the economy.


8 posted on 05/01/2014 12:10:48 PM PDT by alloysteel (Selective and willful ignorance spells doom, to both victim and perpetrator - mostly the perp.)
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To: jeffc

Yep.

Other lost terms are “homeless,” and “right to privacy.”


9 posted on 05/01/2014 12:44:08 PM PDT by Jacquerie (By their oaths, it is the duty of state legislators to invoke Article V.)
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To: Oldeconomybuyer

10 posted on 05/01/2014 1:06:52 PM PDT by Jeff Chandler (Obamacare: You can't make an omelette without breaking a few eggs.)
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To: Jeff Chandler

I grabbed that pic, good one!


11 posted on 05/01/2014 1:46:46 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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