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No Manufacturing Jobs But More Waiters And Bartenders Than Ever

Tyler Durden's picture





 

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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Fri, 07/05/2013 - 12:05 | Link to Comment otto skorzeny
otto skorzeny's picture

more low-wage college-debt serfs serving high-cal shit to overpaid .gov employee fatties.

Fri, 07/05/2013 - 12:17 | Link to Comment dwdollar
dwdollar's picture

It's the last great bubble... thanks to cheap subsizided food... by you guessed it.

Fri, 07/05/2013 - 13:06 | Link to Comment Anonymous peon
Anonymous peon's picture

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.

Fri, 07/05/2013 - 14:07 | Link to Comment Lore
Lore's picture

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."

Fri, 07/05/2013 - 14:31 | Link to Comment francis_sawyer
francis_sawyer's picture

It takes 10 Puerto Rican 'slaves' to serve one jew banker in New York...

Fri, 07/12/2013 - 23:07 | Link to Comment Parisnights
Parisnights's picture

Jamie dimon to Francis sawyer--Is that a swastika in your pocket or are you happy to see me?

Fri, 07/05/2013 - 13:56 | Link to Comment wee-weed up
wee-weed up's picture

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!

Fri, 07/05/2013 - 12:15 | Link to Comment Clueless Economist
Clueless Economist's picture

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.

Fri, 07/05/2013 - 14:02 | Link to Comment FreedomGuy
FreedomGuy's picture

Punch them both and see which one feels better. Call them "Tool!" as you do.

Fri, 07/05/2013 - 14:22 | Link to Comment Jumbotron
Jumbotron's picture

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.

Fri, 07/05/2013 - 14:26 | Link to Comment Jumbotron
Jumbotron's picture

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...

 

 

Fri, 07/05/2013 - 12:42 | Link to Comment Silveramada
Silveramada's picture

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!

Fri, 07/05/2013 - 13:47 | Link to Comment B2u
B2u's picture

College grads are handed their diplomas and are asked "Do you want fries with that?"

Fri, 07/05/2013 - 13:59 | Link to Comment wee-weed up
wee-weed up's picture

Paper or plastic?

Fri, 07/05/2013 - 14:13 | Link to Comment General Decline
General Decline's picture

As seen on a toilet paper roll dispenser in the liberal arts building at the local university:

" Diplomas - take one"

Sat, 07/06/2013 - 15:33 | Link to Comment sun tzu
sun tzu's picture

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.

Fri, 07/05/2013 - 16:36 | Link to Comment yogibear
yogibear's picture

Very, very bullish!!!

Sat, 07/06/2013 - 15:30 | Link to Comment sun tzu
sun tzu's picture

LOL you hit the nail on the head

Fri, 07/05/2013 - 12:05 | Link to Comment alangreedspank
alangreedspank's picture

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.

Fri, 07/05/2013 - 12:11 | Link to Comment SheepDog-One
SheepDog-One's picture

YAY moar drones pilots and surveilance camera operators! Get a loan, go to ITT Tech....spend next 50 years paying it back!

Fri, 07/05/2013 - 12:18 | Link to Comment alangreedspank
alangreedspank's picture

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).

 

Fri, 07/05/2013 - 12:39 | Link to Comment cifo
cifo's picture

The IT jobs go to India.

Fri, 07/05/2013 - 12:57 | Link to Comment alangreedspank
alangreedspank's picture

....and they come back cause you can only do so much with them Indians.

Sat, 07/06/2013 - 15:34 | Link to Comment sun tzu
sun tzu's picture

They come back to H1B workers here.

Fri, 07/05/2013 - 12:10 | Link to Comment otto skorzeny
otto skorzeny's picture

sure-you can buy a house, 2 cars and put the kids through college from your tips at Applebee's.

Fri, 07/05/2013 - 12:14 | Link to Comment alangreedspank
alangreedspank's picture

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).

Fri, 07/05/2013 - 12:19 | Link to Comment otto skorzeny
otto skorzeny's picture

give me a fucking break- so you can only afford an E-class Merc instead of an S-class?

Fri, 07/05/2013 - 12:34 | Link to Comment The Carbonator
The Carbonator's picture

Haha.  Tips are 'donations'.

 

Then my salary is a 'donation' too.

 

 

Fri, 07/05/2013 - 12:41 | Link to Comment alangreedspank
alangreedspank's picture

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".

Fri, 07/05/2013 - 12:53 | Link to Comment Poetic injustice
Poetic injustice's picture

Most of Europeans give 0 tips.

Fri, 07/05/2013 - 13:12 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

So do all blacks.

Fri, 07/05/2013 - 13:27 | Link to Comment uno
uno's picture

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.

Fri, 07/05/2013 - 14:16 | Link to Comment General Decline
General Decline's picture

..And when I'm in a European or black resturant, I do the same.

Sat, 07/06/2013 - 15:39 | Link to Comment sun tzu
sun tzu's picture

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. 

Fri, 07/05/2013 - 12:44 | Link to Comment cifo
cifo's picture

"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".

Fri, 07/05/2013 - 12:45 | Link to Comment alangreedspank
alangreedspank's picture

That bartender sucked. Most bartenders come back with lemon juice when I order a whisky sour... "What whisky you put in there ? Uhh..booze..."

Fri, 07/05/2013 - 14:51 | Link to Comment cifo
cifo's picture

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.

Fri, 07/05/2013 - 15:56 | Link to Comment alangreedspank
alangreedspank's picture

Got it, won't.

Sat, 07/06/2013 - 04:16 | Link to Comment mrdenis
mrdenis's picture

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...

Fri, 07/05/2013 - 13:12 | Link to Comment James_Cole
James_Cole's picture

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.

Fri, 07/05/2013 - 14:55 | Link to Comment cifo
cifo's picture

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.

 

Fri, 07/05/2013 - 12:44 | Link to Comment noless
noless's picture

You're right, fuck making shit, i need to get my ass back in a drive thru, that's where the real moneys at.

Fri, 07/05/2013 - 13:10 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

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.

Fri, 07/05/2013 - 16:32 | Link to Comment noless
noless's picture

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.

Sat, 07/06/2013 - 15:56 | Link to Comment sun tzu
sun tzu's picture

The Puffington readers are more clueless than the Faux readers, except the Puff people actually think they're smarter than everyone else.

Fri, 07/05/2013 - 14:39 | Link to Comment Mox E
Mox E's picture

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.

Fri, 07/05/2013 - 12:16 | Link to Comment DaddyO
DaddyO's picture

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

Fri, 07/05/2013 - 13:13 | Link to Comment optimator
optimator's picture

I always pay by card, but tip in cash.

Fri, 07/05/2013 - 16:49 | Link to Comment WmMcK
WmMcK's picture

+ 1 - it's good karma.

Sat, 07/06/2013 - 05:45 | Link to Comment Disenchanted
Disenchanted's picture

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 Usura

Ezra Pound


 

Fri, 07/05/2013 - 12:19 | Link to Comment HowardBeale
HowardBeale's picture

Near 10% move on the TNX...

Something's gotta break here soon...

Fri, 07/05/2013 - 12:09 | Link to Comment Forward History
Forward History's picture

Serving trays and olives today, molotov cocktails and prison stripes tomorrow.

Fri, 07/05/2013 - 12:11 | Link to Comment Jayda1850
Jayda1850's picture

Go easy on the bartenders, I need someone to serve me my drinks. 

Fri, 07/05/2013 - 12:12 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

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!!!!!!!!!!!!!!!!!!!

Fri, 07/05/2013 - 12:12 | Link to Comment SheepDog-One
SheepDog-One's picture

The only CNBS Ive seen in years are the clips here.

Fri, 07/05/2013 - 12:25 | Link to Comment El Hosel
El Hosel's picture

Steve "Liesman", the Banksters messenger of choice... Lying for the man 24/7.

Fri, 07/05/2013 - 13:12 | Link to Comment optimator
optimator's picture

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.

Fri, 07/05/2013 - 12:12 | Link to Comment SheepDog-One
SheepDog-One's picture

Well at least I know I can get a beer quick!

Fri, 07/05/2013 - 12:14 | Link to Comment Frank N. Beans
Frank N. Beans's picture

Former manufacturers now manufacturing drinks

Fri, 07/05/2013 - 12:36 | Link to Comment Harbanger
Harbanger's picture

Most of the West has been centrally planned into service sector bitches.

Fri, 07/05/2013 - 12:18 | Link to Comment Rainman
Rainman's picture

That food service employment chart has taken off like a bottle rocket.....a very close corelation with the average citizen's exploding BMI 

Fri, 07/05/2013 - 12:19 | Link to Comment sbenard
sbenard's picture

I'd call it the New Abysmal!

Fri, 07/05/2013 - 12:34 | Link to Comment tarsubil
tarsubil's picture

The masters have machines. There are some things machines can't do and for that they have servants. Masters and servants.

Fri, 07/05/2013 - 12:35 | Link to Comment Make_Mine_A_Double
Make_Mine_A_Double's picture

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.

Fri, 07/05/2013 - 12:39 | Link to Comment Everybodys All ...
Everybodys All American's picture

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.

Fri, 07/05/2013 - 12:40 | Link to Comment billwilson
billwilson's picture

TIPS baby, TIPS, that is what is going to fuel the economy.

Fri, 07/05/2013 - 15:43 | Link to Comment tvdog
tvdog's picture

Maybe manufacturing employees could work for tips?

Fri, 07/05/2013 - 12:54 | Link to Comment williambanzai7
williambanzai7's picture

College graduation...

Fri, 07/05/2013 - 14:18 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

EPIC JOB GROWTH.

DA NUMBERS DON'T LIE. READ EM AND WEEP GOLDBUG TEABAGGER HUFFPO HATERS.

HILLARY 2016.

Fri, 07/05/2013 - 13:06 | Link to Comment Debt Slave
Debt Slave's picture

Hey college grads, you want debt-fries with that job? Aren't you glad you voted for OBAMA? LOLOLOL

Fri, 07/05/2013 - 13:07 | Link to Comment optimator
optimator's picture

Waddaya mean we all Management Trainees?

Everything will be perfect when we're all selling hamburgers to each other.

Fri, 07/05/2013 - 16:41 | Link to Comment yogibear
yogibear's picture

Plenty of  future lifetime debt slaves.

Fri, 07/05/2013 - 14:16 | Link to Comment FreedomGuy
FreedomGuy's picture

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?

Fri, 07/05/2013 - 16:38 | Link to Comment noless
noless's picture

That sounds like almost everyone i know.

Fri, 07/05/2013 - 20:42 | Link to Comment FreedomGuy
FreedomGuy's picture

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.

Fri, 07/05/2013 - 13:06 | Link to Comment ILikeBoats
ILikeBoats's picture

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.

Fri, 07/05/2013 - 13:15 | Link to Comment Yellowhoard
Yellowhoard's picture

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.

Fri, 07/05/2013 - 13:30 | Link to Comment uno
uno's picture

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.

Fri, 07/05/2013 - 15:09 | Link to Comment Paveway IV
Paveway IV's picture

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?

Fri, 07/05/2013 - 13:09 | Link to Comment Debt Slave
Fri, 07/05/2013 - 13:17 | Link to Comment insanelysane
insanelysane's picture

"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.

Fri, 07/05/2013 - 13:21 | Link to Comment jpc578
jpc578's picture

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?

Fri, 07/05/2013 - 13:40 | Link to Comment RSloane
RSloane's picture

No, Bernanke does.

Fri, 07/05/2013 - 13:31 | Link to Comment SDRII
SDRII's picture

Another demographic plug: ambulance jobs

 

 

 

Fri, 07/05/2013 - 16:40 | Link to Comment Nobody For President
Nobody For President's picture

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... 

Fri, 07/05/2013 - 13:37 | Link to Comment Son of Loki
Son of Loki's picture

Lots of empty store fronts at strip malls. Wonder why they close with such a "robust" recovery?

Fri, 07/05/2013 - 13:38 | Link to Comment U4 eee aaa
U4 eee aaa's picture

Somebody has to serve up victory gin don't they?

Fri, 07/05/2013 - 13:38 | Link to Comment CaptainSpaulding
CaptainSpaulding's picture

Don't forget bouncers. They make a lot of money.

Fri, 07/05/2013 - 13:45 | Link to Comment slightlyskeptical
slightlyskeptical's picture

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?

Fri, 07/05/2013 - 17:52 | Link to Comment Nobody For President
Nobody For President's picture

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.

Sat, 07/06/2013 - 12:45 | Link to Comment sethstorm
sethstorm's picture

Then close those avenues of bypass by lowering the thresholds to 0.

Fri, 07/05/2013 - 14:03 | Link to Comment shankster
shankster's picture

Me like beer.

Fri, 07/05/2013 - 14:05 | Link to Comment shankster
shankster's picture

Me like nachos too.

 

Fri, 07/05/2013 - 14:06 | Link to Comment shankster
shankster's picture

It's 5 O'clock somewhere.

Fri, 07/05/2013 - 14:14 | Link to Comment FreedomGuy
FreedomGuy's picture

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.

Fri, 07/05/2013 - 17:22 | Link to Comment ceilidh_trail
ceilidh_trail's picture

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...

Fri, 07/05/2013 - 20:51 | Link to Comment FreedomGuy
FreedomGuy's picture

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.

Fri, 07/05/2013 - 14:20 | Link to Comment rosiescenario
rosiescenario's picture

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.

Fri, 07/05/2013 - 14:23 | Link to Comment InTheLandOfTheBlind
InTheLandOfTheBlind's picture

headline from cnbc- the must be catering to the bar staff right now

 

White House Hails June Jobs Report, GOP Searches for Flaws
Fri, 07/05/2013 - 14:26 | Link to Comment Atlantis Consigliore
Atlantis Consigliore's picture

Hey 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...

 

Fri, 07/05/2013 - 17:56 | Link to Comment Nobody For President
Nobody For President's picture

Oh, that's just mean... :-)

Sat, 07/06/2013 - 07:46 | Link to Comment U4 eee aaa
U4 eee aaa's picture

Careful, she'll sue you for harassment and she knows how to go about doing it. There is still money to be made there

Fri, 07/05/2013 - 14:45 | Link to Comment devo
devo's picture

bullish for poverty, bearish for tips.

Fri, 07/05/2013 - 15:17 | Link to Comment WHATDIFFERENCED...
WHATDIFFERENCEDOESITMAKE's picture

We are now in the drunk phase of our depression, hang over hell is about to enter the bar.

Sat, 07/06/2013 - 07:47 | Link to Comment U4 eee aaa
U4 eee aaa's picture

What about the brawl? There has to be a brawl first

Fri, 07/05/2013 - 15:22 | Link to Comment WHATDIFFERENCED...
WHATDIFFERENCEDOESITMAKE's picture

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.

Fri, 07/05/2013 - 19:14 | Link to Comment JenkinsLane
JenkinsLane's picture

No country for manufacturing workers.

Sat, 07/06/2013 - 00:30 | Link to Comment Northern Lights
Northern Lights's picture

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.

Sat, 07/06/2013 - 11:51 | Link to Comment sethstorm
sethstorm's picture

Businesses had a choice to forgo their entitlement mentality of having the perfect conditions -  however, they have chosen contempt for the United States.

 

Sat, 07/06/2013 - 18:24 | Link to Comment jtlien
jtlien's picture

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.

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