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No Manufacturing Jobs But More Waiters And Bartenders Than Ever
The New Abnormal is turning out to be quite an embarrassment for Obama's "manufacturing renaissance" agenda not to mention high paying, manufacturing jobs but at least it explains why Bernanke doesn't mind sending the USD surging when all other central banks are now talking their currencies down (especially if it means fresh S&P records benefiting the 0.1%): after all, if you have nothing to export, who cares what the relative value of your currency is.
There is good news however. Even as the manufacturing jobs continue to collapse, posting their fourth consecutive monthly drop in June to 11.964 million jobs, minimum wage waiters and bartenders have never been happier. In June Restaurant and Bar employees just hit a new all time high of 10,339,800 workers, increasing by a whopping 51,700 in one month.
Summarizing the "economy" of Bernanke and Obama: in 2013 239,000 minimum wage restaurant and bar jobs have been created. As for manufacturing jobs: 13,000.
New Abnormal indeed.
Behold an economy dominated by waiters and bartenders.
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more low-wage college-debt serfs serving high-cal shit to overpaid .gov employee fatties.
It's the last great bubble... thanks to cheap subsizided food... by you guessed it.
Subsidized anything is anything but cheap. If the government were not involved at all and I paid the farmer directly, both the farmer and I would have more money.
Your kids can get an MBA in "Hospitality Management." It's da bomb.
https://en.wikipedia.org/wiki/Hospitality_management_studies
"GRADUATE PLACEMENT: Several large corporations involved with the hospitality industry, and management companies offer internship programs, management training programs, and direct placements into all sort of operational, non-operational departments of hospitality and tourism sector for students majoring in Hospitality and Tourism Management."
It takes 10 Puerto Rican 'slaves' to serve one jew banker in New York...
Jamie dimon to Francis sawyer--Is that a swastika in your pocket or are you happy to see me?
Yep... ObamaCare dictates makes it impossible to stay in business unless you make most of your employees 30 hrs or less...
so naturally, the number of part-time jobbers in the country will explode.
Thanks, Obummer! Just in time to celebrate the Fifth Annual Summer of Recovery!
But...but..Zandi and Liesman told be that the jobs recovery is gaining steam and we will be sub 7% by the end of the year and sub 6% by the end of 2014.
I don't know which one of those 2 CNBS shills I want to punch in the mouth more.
Punch them both and see which one feels better. Call them "Tool!" as you do.
It's called supply and demand. The demand for booze to lessen the pain and forget the outrages is higher than ever. Hence we need more booze slingers.
Plus...(a little OT, but not much) Hostess with their new non-union supply chain have to freeze Twinkies now and have the vendor defrost them before putting them on the shelf.
There ya go....a good reason to have unions, namely fresh Twinkies, GONE...in the name of industrialized serfdom.
http://www.nypost.com/p/news/business/chilling_filling_txee3UcfOf0mzLcJ2...
and that , sure, affects gold and silver paper price for a meaningful move toward support levels that I wrote about 2 days ago...
http://zysites.com/silververitas/
what a joke!
College grads are handed their diplomas and are asked "Do you want fries with that?"
Paper or plastic?
As seen on a toilet paper roll dispenser in the liberal arts building at the local university:
" Diplomas - take one"
Go to any liberal website (Puffington Post, CNN, MSNBC, Dailykooks etc ) and some brainwashed noob will insist that social sciences, ethnic/gender studies, and liberal arts are much harder majors than math, engineering, science, medicine, and computer programming. If it wasn't so sad, it would be funny.
Very, very bullish!!!
LOL you hit the nail on the head
I'll somewhat play devil's advocate by saying a waiter/bartender can make a whole lots more than a (non-unionized) assembly line worker... I've worked these jobs, they're not a panacea either.
More high tech/IT jobs are needed.
YAY moar drones pilots and surveilance camera operators! Get a loan, go to ITT Tech....spend next 50 years paying it back!
You don't need that big of a degree to work in IT (security, sys/net admin, dev, etc. no drone pilots in there really) and get a decent salary. College is overkill if you've got the skills. We have those 1 year classes you can take and pay out of pocket around here (granted, they're 10-15k, but still you'll pay it back quick).
The IT jobs go to India.
....and they come back cause you can only do so much with them Indians.
They come back to H1B workers here.
sure-you can buy a house, 2 cars and put the kids through college from your tips at Applebee's.
And a manufacturing job can ? Bartenders who actually know their stuff can make pretty good money (less so since the government decided to tax tips, which are basically donations).
give me a fucking break- so you can only afford an E-class Merc instead of an S-class?
Haha. Tips are 'donations'.
Then my salary is a 'donation' too.
Tips are not mandatory (even though you're a dick for not tipping in line with the service you felt you received). So when you hand out money on a non-mandatory basis, that qualifies as donation and the government should GTFO regarding those. They are not "income".
Most of Europeans give 0 tips.
So do all blacks.
not sure about all, but waiteress I know tell HORROR stories about black parties wanting as many freebies as possible, getting all the specials even though they miss the time and leaving NO tips, not sure if they treat black waiters/waiteress the same.
..And when I'm in a European or black resturant, I do the same.
It's funny because it's true. You would be lucky if they paid the bill at all after a night of complaints and bullshit.
I worked in the restuarant industry from high school through college and saw it happen everywhere. They would eat more than half the food and take it back because it was undercooked, overcooked, didn't have enough or too much of a condiment etc.
"Bartenders who actually know their stuff".
I once asked a bartender (William, Abe & Louie's, Boston) what makes a good bartender, and his reply was "you only need a nice ass".
That bartender sucked. Most bartenders come back with lemon juice when I order a whisky sour... "What whisky you put in there ? Uhh..booze..."
Hey Alan, those coming back are not bartenders, they are called "waiters". Waiters take the orders and pass them to bartenders. Bartenders make the drinks, then the waiters bring them back to the table. Information may be lost along the way, so don't blame the bartenders.
Got it, won't.
In New Jersey our bartenders give you rubbing alcohol and a side of dirty water ....best to order beer ...http://articles.philly.com/2013-05-25/news/39504702_1_dirty-water-busine...
Nice name drop, but if you're asking what makes a good bartender you obv spend more time at Applebee's than Abe & Louie's.
Do you know him? It's been 15 years. I wish he reads ZH.
(I only went to Applebee's once, and that was a work-related function, and I did not have a choice.)
I would have spent more time there (A & L), but the place was always packed. Sundays at 7PM (not earlier, not later) was the only time when a sit at the bar was guaranteed.
You're right, fuck making shit, i need to get my ass back in a drive thru, that's where the real moneys at.
Sometimes I try to explain to a HuffPo reader the difference between mining/farming/ranching/manufacturing jobs and service sector jobs.
Then I see the totally clueless f*cking look on their face as to what I'm saying and just give up.
Exactly, I've pretty much given up completely on most fronts. I'm seriously thinking of going back into fast food though, managers at some places make more hourly then I'm getting in metal work, its fucking ridiculous.
The Puffington readers are more clueless than the Faux readers, except the Puff people actually think they're smarter than everyone else.
You're right. I've waited tables and bartended. You can make great money, depending upon the establishment and its clientelle. For a small time, I even stopped my regular IT career to go back into hospitality. Pay in IT keeps going down, clients are assholes and you take your work home with you. In hospitality, clients can be dicks, but for the most part, they don't want you fucking with their food/drink so they treat you well, the pay can be great and you never take your work home with you. I returned to my regular career because I struck a great deal as a sub-contractor. The gov't really does need to stop taxing tips though. People could tip a lot less if the .gov stopped assuming you get tips. If you don't tip at least 15%, the staff is likely losing money via taxes. If the .gov got out of taxing tips, we could tip about half what we do now and the 'help' wouldn't see a drop in income.
All cash goes in pocket, only have to claim minimum wage for hours worked and tips left on credit cards. Great paying gig if you're personable, polite and attentive.
DaddyO
I always pay by card, but tip in cash.
+ 1 - it's good karma.
I pay and tip in cash, because I don't have any 'credit'(debt) cards. Fuck the shylocks...
That is when I go out for dinner...mostly I eat at home.
Canto XLV With UsuraEzra Pound
Near 10% move on the TNX...
Something's gotta break here soon...
Serving trays and olives today, molotov cocktails and prison stripes tomorrow.
Go easy on the bartenders, I need someone to serve me my drinks.
im listening to CNBS right now...
i dare any of you to try and listen for more than 10 seconds to these asshole wall street cocksuckin mother fuckin banker propagandist....
I FUCKING DARE YOU!!!!!!!!!!!!!!!!!!!
The only CNBS Ive seen in years are the clips here.
Steve "Liesman", the Banksters messenger of choice... Lying for the man 24/7.
C'mon, Steve is one funny guy but looks aren't everything - CNBC's Man From the FED. Steverino, time to get a new dentist. Oh, and get a rug so your viewers aren't "Blinded" by your Glatzkopf.
Well at least I know I can get a beer quick!
Former manufacturers now manufacturing drinks
Most of the West has been centrally planned into service sector bitches.
That food service employment chart has taken off like a bottle rocket.....a very close corelation with the average citizen's exploding BMI
I'd call it the New Abysmal!
The masters have machines. There are some things machines can't do and for that they have servants. Masters and servants.
Could be worse. Could be Italy or Spain where they are 60%+ youth unemployment. They would praise the Gods for a bartender or waiter gig.
The ten yr is at 2.70 and I'd still bet my last dollar we will end down on the day today. Except the normality of markets are gone.
TIPS baby, TIPS, that is what is going to fuel the economy.
Maybe manufacturing employees could work for tips?
College graduation...
EPIC JOB GROWTH.
DA NUMBERS DON'T LIE. READ EM AND WEEP GOLDBUG TEABAGGER HUFFPO HATERS.
HILLARY 2016.
Hey college grads, you want debt-fries with that job? Aren't you glad you voted for OBAMA? LOLOLOL
Waddaya mean we all Management Trainees?
Everything will be perfect when we're all selling hamburgers to each other.
Plenty of future lifetime debt slaves.
No, you get your college debt, followed by an unpaid internship, followed by minimum wage, followed by hourly cutbacks due to Obamacare requirements for the comrades followed by missing rent payments (with three other interns) followed by working the bar at nights and weekends to make ends meet. Sound real to anyone?
That sounds like almost everyone i know.
Yeah, kinda sad, really. Thirty years ago or more the first two or three things were the same but then you landed the good job, got promotions and raises and started your journey to the middle class dream with hard work, loyalty and ingenuity.
I am not kidding you, but I cannot remember the last time I met someone who was unabashedly optimistic about the future.
Summer, plus, restaurants keeping as many as they can, under the 30 hour a week limit to avoid ObamaCare = more part time waiters and bartenders.
Exactly.
The bartender at my local Macoroni Grill told me that they are hiring like crazy but are reducing the number of tables that waiters take from five to three.
My guess is they're getting ready for Obamacare. When it hits, they'll halve the hours and take the waiters back to five or six tables.
Hear the same thing about bartenders, easy to get a job, just not many hours, even if you lose it you can get another part time job.
Think of all those happy service sector slaves when they're forced to pay an 8% tax penalty every year because they don't qualify for any employer-sponsored helath care and don't have a spare $300/mo to buy garbage health care.
So now there will be every incentive for even the lowest-paid workers and their employers to avoid taxable payroll and income. Everyone gets to try to be a tax cheat.
Hey... Isn't that where Greece ended up?
The reality:
http://www.youtube.com/watch?v=kXpwAOHJsxg
"In June Restaurant and Bar employees just hit a new all time high of 10,339,800 workers, increasing by a whopping 51,700 in one month."
Because the last thing O supporters want to do, Is anything for themselves.
A sub-category of a sub-category of a sub-category that pays very low wages represented more than 25 percent of the monthly increase in newly created NFP jobs at the same time there is a huge jumb in average hourly wages?
I only have one question. Given the report he just gave on CNBC, does the BLS sign Steve Liesman's paycheck?
No, Bernanke does.
Another demographic plug: ambulance jobs
I've done a lot of stuff in my life, starting with a MBA, Army, yuppie before the term was invented, dropped out, homesteaded, community work, fire chief, - and a local paramedic for three years. If you really care about what you are doing, being a paramedic in a small community really, really sucks. If it is just 'scoop 'em and move 'em' or 'tag 'em and bag 'em' for you, you can probably handle it, especially in a big city where you don't know the victims/patients. But if you give a shit in a small town, it will eventually eat your guts out.
Paramedics and ER nurses are two jobs (of many) that don't pay enough...
Lots of empty store fronts at strip malls. Wonder why they close with such a "robust" recovery?
Somebody has to serve up victory gin don't they?
Don't forget bouncers. They make a lot of money.
So, since it seems that the jobs spike is due to the switchover from full to part time because of Obamacare, and now Obamacare has been postponed, does this mean that in the coming months we will see full time return at the expense of all these new part timers being hired? I.E. a large increase in the unemployed?
That ain't a bad question. But Obamacare has just been postponed, and for small businesses, hires are a big deal. (I'm thinking my local small-town merchants.) All the delay has done is allow them more time to plot their strategy - which, based on conversations with owners I have known for years, involves part-time, even though there are problems with that: lower employee loyalty (which still means something in a small town) higher turnover and the hassle of training somebody new, a bit more payroll paperwork for the bookkeeper, etc.
Obamacare as it emerged from Congress is such a bitch of a mutated camel 'program' that it is impossible to really implement, because it is impossible to understand at the local small time level. Unintended consequences - there are rumors (cough) of a FUCK of a lot of 'direct hires' = one or two days a week, cash payment, no benefits or insurance or taxes deducted or shit like that. The big boy phd economists are estimating a 1/2 to 1% drag on the economy of obomacare. Maybe amoung the S&P 500 - out here on Main Street, its more like 3-5%, to pull a scientific figure out of my butt (just like the PhDs!)
Of course, this is happening on too small and scattered a scale to matter, except in the aggregate, it DOES matter. First off, a whole bunch of little decisions DO add up, except they are hidden, and considered 'statistically insignificant'. Second off, and maybe more important in the long run - it creates additional disrespect for the government amoung the most solid of citizens in this country. And it is not just a democratic versus republican thing - the overwhelming feeling is that the Federal government - pretty much all branches, simply no longer gives a shit about Main Street, and is not even trying to hide it very much any more.
OK, we all know this on ZH. But I would encourage ever single one of you to talk to the owner of any small business you patronize to get a feel for this, and perhaps provide them with some additional information - mostly, that they are not alone.
Usual disclaimer here: This post is being monitored and stored for future use against me by the NSA, in violation of my 4th Amendement Rights.
Then close those avenues of bypass by lowering the thresholds to 0.
Me like beer.
Me like nachos too.
It's 5 O'clock somewhere.
Well, as the economy runs on empty all the depressed unemployed, underemployed and fearing-for-their employment need more drinks. So, I see it as a growth industry.
I was talking with two very nice women who were in a medical practice that was shutting down. The doctor has had enough of Obamacare and is retiring (like a zillion others BTW). We all traded notes on the dismal job market versus what we thought twenty years ago. As we discussed how to get out of medicine and what would be a growth area I said only government jobs had any security and usually very fat retirements. One gal, said she had an education degree but could make more money managing offices twenty years ago. Now, she is looking at minimal wages and no benefits while the teachers are set with huge retirements and steady pay. I have distant relatives that work for the Federal government and they make more than FP doctors and will retire at 75-100% pay and are simple desk drones. They are not supervisors or high ranking employees. They just get their annual, never going backwards pay raises and another 2 !/2% of their pay at retirement tacked on each year. They work regular hours and never seem stressed.
Eventually, the government sector will completely overwhelm the private sector. It like a two hundred pound rider on a 1000 lb horse where eventually the horse becomes 200 lbs and the rider weighs a 1000 lbs. It must fail at some point.
I have 3 decades under my belt in critical care and do not see retirement anywhere close. My brother is 5 years younger and just retired from the .gov. He makes more retired than I do working. I should've joined him years ago...
Well, Celiidh, the two government types I know make $120-140k per year at 40 hours per week. One will retire at full pay because of 40 years service with no contributions to their retirement. That would be a good income for a primary care physician who works their ass off.
Everyone in my family who is still working has taken 25-50% pay cuts. Only the retirees have maintained their income and I have no idea what I will do for retirement as all my 401ks have been drained, mostly by the government, BTW. I think many are in a similar boat.
I believe the stats that say government sector workers now make twice as much as private sector workers when you add up pay and benefits. Who are the real "servants" in this picture?
Good luck, my friend and thanks for a life of excellent service. Take pride in that, at least.
More good news, since we are not making anything to export, the Feds will not be forced to participate in the current currency wars.....we will be able to buy a never ending stream of cheap imported goods We will not need foreign oil thanks to fracting, and the S&P's moon launch will insure all of us with retirement accounts invested in same live out our years in splendor.
headline from cnbc- the must be catering to the bar staff right now
White House Hails June Jobs Report, GOP Searches for FlawsHey oh wiatress oh waitress, i gotta go to the bathroom; can I use your law degree to wipe my ass? Ass?
oh, your $ 100,000 in debt for that worthless degree, ok, il lhire you at 29 hrs a week, pt no benes, now clean out the toilets in my pawnshop;
i invested my college tuition in a pawnshop and think like an investment banker, 20% AMONTH VIG on that loan to pay off your 6.8% loans or ill break your
legs. Can you say slowly, law degree, res ipsa lo quitur, and slur it and lisp it like a real new yorker....
LOL, call mommy the realtor and ask her to flip her house...
Oh, that's just mean... :-)
Careful, she'll sue you for harassment and she knows how to go about doing it. There is still money to be made there
bullish for poverty, bearish for tips.
We are now in the drunk phase of our depression, hang over hell is about to enter the bar.
What about the brawl? There has to be a brawl first
Tipping is my idea of redistribution of wealth... good service, good tip. Love the hospitality, considered culinary during one of my bubble created sabbaticals, but a bad back made me nix the thought along with the long hours.
No country for manufacturing workers.
The restaurant and hospitality industry did a study once about how during recessions, waitresses tend to be more attractive than when the economy is booming. They found the reason this was the case was because a lot of strippers were getting into waitressing because business at the clubs dried up. Wonder if the sudden glut of bartenders and waitresses is due to more strippers entering the food industry.
Businesses had a choice to forgo their entitlement mentality of having the perfect conditions - however, they have chosen contempt for the United States.
I knew a coworker that was in purchasing. He was always calling me when purchasing tech gear because he knew I was a pretty good engineer. I asked someone about this guy and he said that he used to work as a bartender, but then he was pouring drinks for one of our recently divorced vice presidents. He ended up introducing this VP to his future wife (who also worked for the company). In gratitude for this he was given a job at the company. Years later, the compnay went thru a dip and I was laid off. This was 12 years ago now and I believe the bartender turned purchasing guy still works for the company. I, with an engineering degree from a Big 10 school have spent the last dozen years mostly not working.