60% Of New Jobs In 2010 Were In Low-Paying Industries (unemployment, wages, stats)
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Following last week's disappointing job report, investment research group TrimTabs brings us an even sharper picture of an economy not on the verge of an economic recovery. (Hat tip to Zero Hedge.)
Following last week's disappointing job report, investment research group TrimTabs brings us an even sharper picture of an economy not on the verge of an economic recovery. (Hat tip to Zero Hedge.)
TrimTabs drills into the Labor Bureau's data for new jobs added in last year, to reveal some unsetting details: "Of the 1.1 million private jobs gained in the last year, 650,000 or 60% are jobs that have absolutely no real wealth creation capacity, nor do they provide any real benefits."
Seriously guys, all these low-paying jobs mean more profits, that's what's really important to ya'll right? Oh and guns of course...
Lower wages doesn't necessarily translate to larger profits. Employee morale may hurt businesses when the business cycle improves, as they'll remember how they were burned during the last slowdown.
Following last week's disappointing job report, investment research group TrimTabs brings us an even sharper picture of an economy not on the verge of an economic recovery. (Hat tip to Zero Hedge.)
America's Race to the Bottom.
Every year the stats show we're getting closer.
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