MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Yes, jobs are being created, but what kinds of jobs paying what kinds of wages? Can those jobs sustain a modest lifestyle and pay the bills? Or are we living through a McJobs recovery?
The Rise of the McWorker
The evidence points to the latter. According to a recent analysis by the National Employment Law Project (NELP), the biggest growth in private-sector job creation in the past year occurred in positions in the low-wage retail, administrative, and food service sectors of the economy. While 23% of the jobs lost in the Great Recession that followed the economic meltdown of 2008 were “low-wage” (those paying $9-$13 an hour), 49% of new jobs added in the sluggish “recovery” are in those same low-wage industries. On the other end of the spectrum, 40% of the jobs lost paid high wages ($19-$31 an hour), while a mere 14% of new jobs pay similarly high wages.
As a point of comparison, that's much worse than in the recession of 2001 after the high-tech bubble burst. Then, higher wage jobs made up almost a third of all new jobs in the first year after the crisis.
The hardest hit industries in terms of employment now are finance, manufacturing, and especially construction, which was decimated when the housing bubble burst in 2007 and has yet to recover. Meanwhile, NELP found that hiring for temporary administrative and waste-management jobs, health-care jobs, and of course those fast-food restaurants has surged.
Comments
I remember seeing a report a number of years ago, before the economic crisis and the real estate bubble burst, concerning recent college grads. It had interviews with these people and more than a few quite expected to walk into very high paying jobs right off the bat. And at that time, this was quite often the case.
Of course the situation has changed markedly and for the worse. Problem being that these self same people too often spent and borrowed like their good times would continue indefinitely. Worse still they now feel betrayed that this dream came to a abrupt end.
One of the biggest problems is that far too many people were not prepared emotionally as well as economically for a questionable future. Even though the writing was on the wall at the time of this report.
Our educational system as well as put society as a whole does an immense disservice by selling a fantasy to its young.
It's fine to work toward a dream but you need to have a plan B in the event it goes bust. Most do not. So they end up dissatisfied and working in McJobs just to get buy.
There was a time when people did not live like there was no tomorrow. They lived fairly modest lives so were not as impacted by down turns and having to take lower paying jobs.
The reason I say all this is that quite simply as much as we complain about the employment situation the sad fact is that it has been a long time in the making and will not change much in the future.
Maye we could consider making for ourselves that kinds of jobs we want.
by cmaukonen on Wed, 05/11/2011 - 12:24am