▲
2
0
▼

U-Turn in quality of living ahead of us.


 invite response                
2012 Sep 7, 2:11am   29,963 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.

« First        Comments 47 - 47 of 47        Search these comments

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?

« First        Comments 47 - 47 of 47        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste