Part-time America: How we increased our part-time for economic reasons workforce by 4 million people since the recession began. Healthcare costs encourage low wage employers to hire more part-time employees.
The rise of part-time employment in the United States is part of the low wage system that is spreading throughout the country. Part-time workers are cheaper to hire and easier to fire. You also avoid paying benefits from a healthcare system that is seeing skyrocketing costs. Prior to the economic crisis, the number of Americans […]
The food stamp economic recovery – Food stamps increase by over 600,000 in last month of data. GDP at record levels yet US employment is 4 million below start of recession.
There was a startling figure that came across my desk from the United States Department of Agriculture regarding food stamp usage in the SNAP program. Food stamp usage has grown dramatically in the last decade even during the debt inspired boom times. Yet the devil is always in the details as we reported with the […]
Disappearing US labor force and goodbye to retirement – Adding 146,000 jobs while 542,000 drop out of the labor force. Understanding the changes in the unemployment rate.
The recent drop in the unemployment rate was largely due to the number of people dropping out of the labor force. I’ve noticed that more people in the press are picking up on the important nuances when it comes to the employment figures. For example, in the last month those “not in the labor force†[…]
Quantitative addiction and the allure of low interest rates – US paid $454 billion in interest payments alone in 2011. Equity in real estate for households cut in half.
Today I was looking at the total public debt outstanding and the current figure seems surreal. The total public debt outstanding is now up to $16.27 trillion. We’ve been on this path for many decades of spending more than we earn but the problem is we are reaching a peak debt situation. It is hard […]