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U-Turn in quality of living ahead of us.


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2012 Sep 7, 2:11am   29,565 views  47 comments

by REpro   ➕follow (0)   💰tip   ignore  

http://money.cnn.com/2012/08/31/news/economy/low-wage-jobs/index.html?iid=Lead

NEW YORK (CNNMoney) -- Sure, the economy is adding jobs these days...but most of those positions pay pretty poorly. Some 58% of the jobs created during the recovery have been low-wage positions, according to a new report by the National Employment Law Project. Only 22% have been mid-wage jobs and 20% higher-wage positions. These low-wage jobs pay $13.83 an hour or less.

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41   37108605   2012 Sep 8, 7:25pm  

Raw says

If you are uneducated you will be poor, and low paying jobs is all you will get.

I hate to inform you most college graduates are getting the low paying jobs.

And don't ignorantly presume someone without a so-called formal degree has no skills because I know men (and women) without a piece of paper that could run rings around 99% of current so-called college graduates.

42   CrankyLiberal   2012 Sep 9, 2:34am  

Republican voters: This is what 30 years of conservative dominance gets you.

I hope those who vote republican continue to lose jobs and houses.

43   rootvg   2012 Sep 9, 3:17am  

Reader says

Raw says

If you are uneducated you will be poor, and low paying jobs is all you will get.

I hate to inform you most college graduates are getting the low paying jobs.

And don't ignorantly presume someone without a so-called formal degree has no skills because I know men (and women) without a piece of paper that could run rings around 99% of current so-called college graduates.

Reader

We have guys at work without degrees who run rings around those of us who have them.

We also have people with BSEEs, BSCSs and MBAs who run rings around all of us. Those are the guys for whom we work.

Has any of this ever been any different?

44   rootvg   2012 Sep 9, 3:20am  

CrankyLiberal says

Republican voters: This is what 30 years of conservative dominance gets you.

I hope those who vote republican continue to lose jobs and houses.

I've been a Republican since the womb. I've never lost a house or car to the repo man. I attended a state university. My wife attended a state university. We aren't rich but we're making more money than we've ever made in our lives.

What's it to ya?

45   finehoe   2012 Sep 9, 11:22pm  

Reader says

NAFTA? CLINTON

Mexicans snap up ‘Made in U.S.A’

Trade between the United States and Mexico is surging, up 17 percent in 2011 to a record $461 billion, as Mexico vies with China to become America’s second-largest trading partner after Canada.

http://www.washingtonpost.com/world/the_americas/middle-class-mexicans-snap-up-more-products-made-in-usa/2012/09/09/27c9d1b4-f212-11e1-892d-bc92fee603a7_story.html

46   finehoe   2012 Sep 9, 11:26pm  

rootvg says

We aren't rich but we're making more money than we've ever made in our lives.

So you are better off than you were four years ago.

47   REpro   2012 Sep 18, 6:30am  

http://economywatch.nbcnews.com/_news/2012/09/18/13939069-the-47-percent-heres-who-pays-no-federal-income-tax?lite

That 47% are considered poor already.
Let’s consider one example of cost of outsourcing: A man use to make $50K per year as a factory machinist. Factory gets closed and production was moved abroad. For the next 10 years he is out of luck to find a replacement job. Some economists say that cheap outsourcing reduces costs of goods sold in stores. Now a man lost 500K earnings over 10 year’s period. His purchasing power went down dramatically, he pay no taxes to gov., yet apply for federal support. How much he saved on cheaper Chines goods over that time? How much local economy lost?

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