The oxymoron of the labor force when labor means not working: 92 million Americans are not in the labor force with 12 million of those being added only in the last 4 years.
This week we will be getting the employment numbers. The unemployment rate is expected to stay steady or even drop which is comical given that we have 92 million Americans not working today and another 19 million that are fully unemployed. Those not in the labor force continues to grow beyond the basic changes in […]
Working for peanuts: Half of American workers earn less than $28,031 per year and household income now back to levels last seen two decades ago.
Every fall, two pieces of data are released reflecting the earning potential of American families and workers. The low wage economy has certainly taken a toll on how much Americans earn. Social Security data was recently released and shows that 50 percent of the country earns less than $28,031. This is the per capita wage. […]
The trend for part-time work sweeping the world: Part-time work dominating jobs in the United States, Canada, and Japan.
The employment statistics do a good job concealing the true nature of the workforce. The unemployment rate has dropped dramatically since the recession ended largely because millions of Americans are now no longer considered part of the workforce. This is an easy way to boost the employment rate without actually creating new jobs. Another trend […]
16 million Americans have dropped out of the labor force in the last 10 years: The growth of long-term unemployment, low wage labor, and distorted employment figures.
The unemployment rate is looking much better than it should because we have a very large number of Americans that have dropped out of the labor force. How many? In the last 10 years 16.2 million Americans have dropped out of the labor force. The total number of Americans not in the labor force is […]