Posted on 07/05/2014 5:02:00 PM PDT by Lorianne
The Obama administration seized on the jobs report to once again proclaim an economic turnaround. “This is one of the strongest reports we’ve seen since the end of the recession,” said Labor Secretary Thomas E. Perez. “There was good job creation in high-wage, mid-wage and low-wage positions. It was broad-based.”
In reality, jobs growth was again led by low-wage industries. The retail trade sector added 40,000 jobs, while the leisure and hospitality sector, which pays an average of $13.83 per hour, added 39,000. The health care sector added 34,000 jobs. Relatively higher paying sectors lagged behind. The manufacturing sector added only 16,000 jobs, while construction added only 6,000.
As a result, wages have remained stagnant. The average hourly wage for private sector workers increased by just six cents last month, and has increased only 2 percent over the past 12 months, less than the rate of inflation.
In fact, a disproportionate number of jobs created during the economic “recovery” pay less than $13 per hour, according to a report issued earlier this year by the National Employment Law Project. While US businesses have on the whole added 1.85 million low-wage jobs over the past six years, they have eliminated 1.83 million medium-wage (paying between $13 and $20 per hour) and high-wage (between $20 and $32) jobs, according to the report.
(Excerpt) Read more at wsws.org ...
“Things we haven’t heard from the Media and Politicians since Obama was Elected.”
How about McJobs and homeless?
It’s an ever expanding list. Adding your ideas to it.
1. The Loyal Opposition.
2. Where are the Jobs Mr. President?
3. The Daily KIA Count in Afghanistan.
4. Dissent is Patriotic.
5. The President lied and people died.
6. Impeach the President
7. The Imperial President.
8. Arrrrrrgggggggh.
9. It’s Obama’s Fault.
10. Wolf Blitzer promoting the President’s weak Poll Numbers for hours and hours.
11. McJobs.
12. Homeless People.
Thanks.
# 13 - Quagmire
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.