Posted on 11/27/2019 7:44:00 AM PST by Oldeconomybuyer
Although the U.S. is on a record streak for job-creation, many Americans still feel like they can't get ahead it's not their imagination. The last three decades have seen the economy churn out more and more jobs that offer inadequate pay, a group of researchers found.
"The history of private-sector employment in the U.S. over the past three decades is one of overall degradation in the ability of many American jobs to support households even those with multiple jobholders," they wrote.
The group wants to popularize a new economic metric, called the Job Quality Index, that goes beyond the usual labor market barometers, which tend to focus on the quantity of employment.
"In 1990, the jobs were pretty much evenly divided" said Daniel Alpert, a founder of Westwood Capital and one of the creators of the index. In the process of running the numbers, he said, "We discovered that 63% of all jobs that were created since 1990 were low-wage, low-hour jobs. That was a pretty stunning statistic."
To calculate the index's value, the researchers split up the jobs created every month into those that pay above average and those that pay below average, and then divide one figure into the other. An index value below 100 means there are more lower-paying jobs relative to higher-paying jobs; a value above 100 means the opposite.
Other entities involved in the creation of the index are the Cornell University Law School, the University of Missouri at Kansas City, the Coalition for a Prosperous America and the Global Institute for Sustainable Prosperity.
(Excerpt) Read more at cbsnews.com ...
https://www.wsj.com/articles/trumps-middle-class-economic-progress-11569786435
Trumps Middle-Class Economic Progress
A new study indicates median incomes are rising far faster than they did under Bush or Obama.
US has 1 million more jobs then unemployed
https://www.cbsnews.com/news/the-u-s-has-1-million-more-job-openings-than-unemployed-workers/
So stop being a mindless political bigot, pry open your ignorant welded shut mind and learn even the most basic facts. Your level of mindless idiocy is inexcusable in a supposedly rational adult.
Leftist have to have something to counter the success of the President.
It’s so blatantly obvious.
What needs to be done is that every Federal Agency that goes along with this type of nuanced bashing needs to be purged of the embedded bureaucrats. The not-for-profit think tanks or universities that do this are to be listed as propagandists for those that hate America. They are the quislings, the cowards, the traitors and need to be remembered, including those people that are members or leading these organizations.
Of course in what constitutes the household costs of wage-earners local and state taxes are ignored, and THEY are part of cost-inflation. and more so than many products consumers have to buy today which have seen far less inflation.
When the folks who made up the index factor in state and local taxes, in trying to explain how wages have inflated less than costs, then we might listen. Then they have to separate all their data by state, and determine in which states is the wage-to-costs gap most and in which is it less.
Everything I have seen suggests the income and affordability divide is greatest in the “Liberal” run states.
“National” statistics should seldom be the topic. They hide too much in how they hide how things differ from state to state.
Nope just made up BS
https://www.wsj.com/articles/trumps-middle-class-economic-progress-11569786435
Trumps Middle-Class Economic Progress
A new study indicates median incomes are rising far faster than they did under Bush or Obama.
https://www.cbsnews.com/news/the-u-s-has-1-million-more-job-openings-than-unemployed-workers/
Concur. The Swamp.
No, you misunderstood. Or, I didn't explain it in a way you could understand.
I said he doesn't produce anything that brings in the money that pays his salary. Or our 4 former Sheriffs.
I'm not saying we should have NO government. I'm saying the explosive expansion of government decreases the earning power of the source of the money that pays for that government.
I only mentioned our Sheriff as an example. You conveniently overlooked my mention of the thousands of other government employees. Many of whom are nothing more than redundancies. If our only government employee was our Sheriff, you'd have a point.
poor fake news.
now that the economy is doing well, and Trump is POTUS, it has to say, “No, it isn’t!”
LOL. Last 3 decades. We have been falling behind on buying power since 1979 thanks to fiat money. The FIRE economy has a lot more lousy, low paying jobs than when we were the envy of the manufacturing world.
"Donald Trump Walks on Water"
As reported in the media: "Donald Trump Can't Swim"
For every silver lining, there's a cloud.
Bingo. I won't rant, but I still see attempts in the tech sector to replace engineers with H1bs, or outsource to India/China, while middle managers check the box and move on/get promoted hopefully before the impact of such catches up to them.
The India scam is the worst of the two. They bring in "consultants", with pie in the sky sales pitches about everything they can do, only to screw it up and then come out of the woodwork to take credit after domestic in house employees fix the mess.
Yes, our country is pretty much being handed over to thirld world interests and I haven’t seen this trend reversing under Trump. Not blaming him for the problem but unchecked immigration including H-1Bs will be our downfall.
Trade with slave nations, creates lowly slave jobs.
Products are of poorer quality.
Congress gets richer through foreign bribes.
Yep, the Rat talking points are out.
Talking point: Sour the voters on the economy.
Party like it’s 1992.
END IMMIGRATION NOW
Halt the great Migration Replacement of your family with hardcore socialists.
Tariff all foreign countries.
End all immigration for 50 years.
They just bring in hardcore socialists.
End chain migration.
Send all immigrants back.
50 years.
Give Congress an extra migration stipend for their efforts to offset the loss of foreign contributions.
Things are horrible out there. I’ve got it on good authority that, once we murder all the billionaires and confiscate all of their ill-gotten wealth, things will be really good for all. Everything will be free and nobody will ever have to work again.
END IMMIGRATION NOW
Halt the great Migration Replacement of your family with hardcore socialists.
Tariff all foreign countries.
End all immigration for 50 years.
They just bring in hardcore socialists.
End chain migration.
_________________________________________________________
AMEN!
Obama killed millions of salaried professional jobs. It will take some time to get them back.
Thank you President Obama for turning our country into a ghetto.
Communist broadcaster service. CBS
“More spinning from CBS otherwise known as The Center for BS!”
Jobs are getting worse for the average worker. I work in employee benefits for 35 years. Benefits have been dropping and employees pay more every year.
The minimum wage I earned in 1978 is almost $15 an hour today based upon the cpi calculator.
We are on the race to the bottom. Illegals, offshoring, HB-1 lowering wages.
Companies are now hiring temp workers so no benefits etc
Other than maybe 35-40% of workers who are doing great the other 60% have been treading water.
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