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A U.S. Recovery Built on Low-Paying Jobs
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A report published by Capital Economics of Toronto, based on Labor Department data, shows the U.S. is not adding the kinds of jobs with the pay, benefits and hours of the 8.75 million jobs that disappeared during the recession. Labor Department data support this analysis. The number of food preparation and serving workers are expected to grow by 394,000 by 2018, but the pay is only $16,430 for these jobs. The good well paying jobs are continuing to be lost. Large employers such as Lowe's home improvement chain is eliminating 1700 managers, and adding 10,000 weekend sales positions and new assistant store manager positions. This use of parttime workers also reduces income levels of workers. The impact of this is to limit the consumer spending. As local government is shrinking from budget cuts, better paying jobs are being lost in state and local government, and workers are earning less in the new jobs that do similiar work.
The shrinking U.S. middle class and what this may mean for consumption in the years ahead.
02/26/2008
If only 1.9 million hourly workers earned more than $20 per hour in April 2008, when the deep downturn that hit in October 2008 had not ocurred and the shift to part time employment and lower auto related wages was just underway, what would the numbers look like by 2010? And what does that mean for consumption? Does it prolong the downturn with demand slow to pick up? What does it mean for exports from China?
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Permanent Boost for a 'Temp' Firm?
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Spain's large supermarket retailer Mercadona has shown that increases in productivity and efficiency with full time contracts make hiring full time workers preferable to temporary workers.
Grouped Articles
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Unemployment and partime unemployment in the U.S. economy 2008 and beyond.
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The highly artificial nature of disposable income in the U.S. in 2010-2012
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A U.S. Recovery Built on Low-Paying Jobs
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Grouped Articles
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Americans Pocketing What They Save on Gas, Retail Data Suggests
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Temporary workers in the U.S.
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Grouped Articles
Amazon Wage Dispute Spreads Beyond Germany
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A history of temp work and temp work companies in the U.S.
02/24/2011
How temp work gets institutionalized in the U.S. economy and the effects on worker protections and inequality.
Grouped Articles
Wall Street Journal 09/14/2011
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Patchwork of Local Wage Laws Fuels Debate Over Raising Federal Minimum
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Amazon Wage Dispute Spreads Beyond Germany
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New Data Muddle Debate on Economic Mobility
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Spain's supermarket retailer Mercadona, employee training, productivity and efficiency
01/07/2008
Supermarket retailer Mercadona is known for employee training, profit sharing with employees, and high productivity. It provides a new direction for Spain's business to improve productivity and efficiency. Most employees have full time contracts in comparison to many Spanish businesses where temporary workers and temporary contracts are the norm. Mercadona makes a large investment in employee training.
Grouped Articles
Spanish Supermarket Chain Finds Recipe
Wall Street Journal 10/24/2012
Growing Reliance on Temps Holds Back Japan's Rebound
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A U.S. Recovery Built on Low-Paying Jobs
BusinessWeek 02/24/2011
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