Lost Middle-Class Jobs Being Replaced by Burger-Flipping and Retail Gigs: NELP Study There's been a lot of talk in recent years about the "hollowing out" of the American middle class. A new study by the National Employment Law Project (NELP) confirms the troubling trend. NELP broke down jobs into low/ middle/and high-wage groups based on median incomes. Looking at the period from early 2008 through the first quarter of 2012, the study found: "High-wage" occupations accounted for 19% of the jobs lost during the Great Recession and 20% of the jobs gained during the recovery. "Mid-wage" occupations suffered 60% of job losses during the recession but only 22% of the growth during the recovery. "Low-wage" occupations accounted for 21% of the losses and a whopping 58% of the growth. In other words, NELP found what many Americans already know: The market for middle class jobs has shrunk and most of the jobs that have been created during the recession are in low-income areas like retail and food services. http://finance.yahoo.com/blogs/dail...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 Onward and towards the new classless society! Long live Chairman ObaMao!
I think drug dealer jobs have increased under Obama. I just don't know if those are high-paying or middle class jobs.
No doubt, if you lost your job in 2008/09, as I did, it's unlikely you're making as much money as you used too. If you're lucky enough to have found something at all, it ain't what it used to be. I know I took a major hit on the pay scale. Thankfully I'm near the end of my run, have a buck or two stashed away, and have always lived well within my means. Anyone who was stretched is now getting stretched, if you know what I mean.
An older article from Paul Krugman no less, showing just how far off the pace we really are. http://krugman.blogs.nytimes.com/2009/12/10/the-jobs-deficit/
Someone tell me this is not true. ----------------------------------------------------------------------------------------------------- "GM Sales: Bloomberg report. 79% of GMâs sales last month was government purchased July 12th, 2012 Remember how Obama keeps telling us how he saved GM, and how our economy is getting better, it seems the car company he bought is being saved by Govt employees using our tax money to buy new cars. 79% of GMâs sales last month was government purchased.GMâs sales figures for last month were the best since 2008 , up 16% for the month of June. YIPPEE! Well, wait just a minute. It seems that those rosy sales figures are due primarily to a 79% increase in fleet sales to the U.S. government in June. Thatâs right. Our tax dollars are being used to pump up GMâs sales figures ahead of next monthâs quarterly report so that Dear Leader can point to Government Motors as a huge success. The incestuous relationship between GM, the UAW and the Regime has never been more glaringly apparent. Iâve said it before and Iâll say it again. GM is unsustainable without government subsidies and will ultimately go bust again, taking billions of taxpayer dollars down with it.We bailed out General Motors to the tune of $50 billion. $30 billion of this is effectively a loss, mostly sunk into fattening the United Auto Workers unionâfierce Obama supportersâwhile the actual bondholders were shown the elevator shaft. Meanwhile, as News Busters reports, âWe the Taxpayers are still stuck holding 500+ million shares of GM stock. Which we need to sell at $53 per. Which debuted post-bankruptcy at $33 per. And which is currently trading at just over $20 per. Meaning weâll lose about $15 billion.âBut it gets better. Despite the overwhelming negatives, the tiny bright spot of positive June sales numbers is being heralded by Obama and the leftist press as proof the auto bailout was a âsuccess.â Obama is now campaigning on the âsuccessâ of â the government buying cars fromâ¦the governmentâs car company. With our money.American vision says Thatâs like you setting up a lemonade stand for your kids. You buy them the lemons, sugar, cups and pitchers â and then buy most of the lemonade yourself. The pressure is on Government Motors to appear financially strong as this may be the last earnings report before November elections and sets the stage for how âsuccessfulâ GM is. One of GMâs past tricks to help fudge earnings numbers has been to stuff truck inventory channels. Old habits die hard at GM. According to a Bloomberg report, âGM said inventory of its full-size pickups, which will be refreshed next year, climbed to 238,194 at the end of June, a 135 daysâ supply, up from 116 days at the end of May.â 135 daysâ supply is huge, the accepted norm is a 60 day supply. The trick here is that GM records revenue when vehicles go into dealerships."
Another use of smoke and mirrors to make Obama look better. I wonder if the government bought even a single Ford.