The US is slowly becoming a McJob nation. While the press jumps up and
down that the US is now finally at a breakeven point from the jobs lost
since the recession started in 2007, they fail to mention that those not
in the labor force is up by nearly 13 million.
Even looking into the recent employment report, we continue to find a
heavy trend of hiring in low wage employment sectors.
For example,
32,000 jobs were added in “leisure and hospitality” bringing the annual
total of jobs added to 311,000. Another 21,000 jobs were added in social
assistance which pay very little but will grow as demand for health
support grows by an aging population.
The system at least in the eyes of Wall Street and the government is
working perfectly fine. We have a plentiful supply of low wage labor
while laws and bailout mechanisms are in place for the financially and
politically connected. The middle class continues to fall off the
bandwagon one by one and enters a labor force of permanent low wage
labor with very little prospect of a decent retirement. In fact, most
will be working until all the wheels come flying off.
We also find that 1 out of 4 Americans are working in jobs that pay $10
or less per hour. How about trying to earn the American Dream on that
McJob salary?
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It's the same the whole world over
It's the poor that gets the blame,
It's the rich that gets the pleasure
Ain't it all a bleedin' shame?
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