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Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time
Zero hedge ^ | 1-3-17

Posted on 01/03/2017 12:43:40 PM PST by InvisibleChurch

Just over six years ago, in December of 2010, we wrote "Charting America's Transformation To A Part-Time Worker Society", in which we predicted - and showed - that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a "gig" economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers. It also explains why despite the 4.5% unemployment rate, which the Fed has erroneously assumed is indicative of job market at "capacity", wage growth not only refuses to materialize, but as we showed yesterday, the growth in real disposable personal income was the lowest since 2014.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Chit/Chat
KEYWORDS: employment; obamajobs; parttimejobs
Hi! Happy new year!
1 posted on 01/03/2017 12:43:40 PM PST by InvisibleChurch
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To: InvisibleChurch

Including the Presidency


2 posted on 01/03/2017 12:44:54 PM PST by silverleaf (Age takes a toll: Please have exact change)
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To: InvisibleChurch

Obama’s level of suck is bottomless.


3 posted on 01/03/2017 12:46:31 PM PST by Eddie01 (Tagline Removed by Moderator)
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To: InvisibleChurch

Figures...since he was a part time president....Anyone ever get the total spent on their vacas over 8 years?


4 posted on 01/03/2017 12:47:27 PM PST by Doogle (( USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: InvisibleChurch
Obamacare creates an incentive to hire part-time, rather than full-time workers.
5 posted on 01/03/2017 12:48:28 PM PST by justiceseeker93
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To: InvisibleChurch

So much more truth to follow as people feel free to stop hiding the reality of Zero’s tenure.


6 posted on 01/03/2017 12:49:31 PM PST by sarasota
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To: InvisibleChurch

Sometimes it takes a LONG time for the truth to come out.


7 posted on 01/03/2017 12:50:30 PM PST by rovenstinez
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To: InvisibleChurch

ObamaCare effectively forces small and medium sized companies to hire only part time and temp workers to avoid the crushing cost burden that is ObamaCare

This was intentional so as to drive a wedge between workers and the companies that employ them and creat friction and job satisfaction with workers


8 posted on 01/03/2017 12:54:59 PM PST by rdcbn (.... when Poets buy guns, tourist season is over ......d)
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To: silverleaf

Working part time for the lyin’ king would be an uptick. Still no productivity.


9 posted on 01/03/2017 1:07:05 PM PST by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: Doogle

Judicial Watch claims $96,000,000.


10 posted on 01/03/2017 1:15:43 PM PST by Thumper1960 (Trump-2016)
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To: InvisibleChurch

No wonder there are so many people driving for Uber and Lyft. They need to make a little extra money as they drive from one part time job to another part time job.


11 posted on 01/03/2017 1:16:34 PM PST by forgotten man
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To: Thumper1960

....thanks...then add in all the fund raiser flights


12 posted on 01/03/2017 1:24:39 PM PST by Doogle (( USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: justiceseeker93

I have three kids in their 20s and they can’t find any sort of job that offers more than 29 hours a week just because Obamacare requires employer participation above that level.

Obamacare is a job killing disaster.


13 posted on 01/03/2017 4:42:48 PM PST by Wildbill22 ( They have us surrounded again, the poor bastards- Gen Creighton William Abrams)
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