• Monetary Metals
    07/28/2014 - 02:38
    Notice the “icicles” dripping all over the place? They occur at different times of the day. What are they? Each one is a brief but dramatic price drop.

17 Facts That Prove That The Quality Of Jobs In America Is Going Down The Drain

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

Do you wish that you had a better job?  If so, you are not alone.  In fact, there are millions upon millions of Americans that get up every day and go to a job that they wish that they could afford to quit.  Unfortunately, most Americans end up just desperately holding on to the jobs that they have because just about any job is valuable in this economic environment.  Over the past decade, the long-term trends that are destroying jobs in America have accelerated.  We have seen countless numbers of jobs shipped overseas, we have seen countless numbers of jobs replaced by technology, we have seen countless numbers of jobs taken by immigrants and we have seen countless numbers of jobs lost to the overall decline of the once great U.S. economy. 

Unfortunately, even though we can all see this happening, our “leaders” have failed to come up with any solutions.  And since there are so many of us that are desperate for jobs these days, employers know that they don’t have to pay as much.  The balance of supply and demand in the employment marketplace has radically shifted in their favor.  So less workers are getting health insurance these days, less workers are getting retirement plans and once you adjust for inflation our paychecks have been getting smaller for years.  Needless to say, all of this is absolutely eviscerating the middle class. 

The following are 17 facts that prove that the quality of jobs in America is going down the drain…

#1 A study conducted by the Center for College Affordability and Productivity is projecting that the number of college graduates that will be entering the workforce in the U.S. this decade will be nearly three times as high as the growth in the number of jobs that require at least a Bachelor’s degree.

#2 Only four of the twenty fastest growing occupations in America require a Bachelor’s degree or better.

#3 It is hard to believe, but in America today one out of every ten jobs is now filled by a temp agency.

#4 At this point, 53 percent of all wage earners in the United States make less than $30,000 a year.

#5 Approximately one out of every four part-time workers in America is living below the poverty line.

#6 One out of every three grocery store workers in the state of California is on some form of public assistance.

#7 Due to the decline in the quality of our jobs, income inequality in the United States has grown to frightening levels.  The following is an excerpt from a recent Politico editorial that was written by a very wealthy individual…

The divide between the haves and have-nots is getting worse really, really fast. In 1980, the top 1 percent controlled about 8 percent of U.S. national income. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent.

 

But the problem isn’t that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution.

 

And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won’t last.

#8 In 2007, the average household in the top 5 percent had 16.5 times as much wealth as the average household overall.  But now the average household in the top 5 percent has 24 times as much wealth as the average household overall.

#9 In terms of median wealth per adult, the United States is now in just 19th place in the world.

#10 Our paychecks just keep getting smaller.  Median household income in the United States is about 7 percent lower than it was in the year 2000 after adjusting for inflation.

#11 During the last recession, the U.S. economy lost millions of middle class jobs.  But during this “recovery”, most of the jobs that have been “created” have been low paying jobs.  The following is from the New York Times

During the recession, employment declined across the board, but 60 percent of the net job losses occurred in middle-income occupations with median hourly wages of $13.84 to $21.13. In contrast, these occupations have accounted for less than a quarter of the net job gains in the recovery, while low-wage occupations with median hourly wages of $7.69 to $13.83 have accounted for more than half of these gains.

#12 Due to a lack of decent jobs, half of all college graduates are still relying on their parents financially when they are two years out of school.

#13 According to one survey, 76 percent of all Americans are living paycheck to paycheck.

#14 Back in the 1980s, over 20 percent of the jobs in the U.S. were manufacturing jobs.  Today, only about 9 percent of the jobs in the U.S. are manufacturing jobs.

#15 One recent study discovered that all job growth in America since the year 2000 has gone to immigrants.

#16 Another recent study found that 47 percent of unemployed Americans have “completely given up” looking for a job.

#17 The plight of unemployed workers is likely going to continue to get even worse as technology replaces more of our low paying jobs.  For example, McDonald’s plans to experiment by replacing thousands of workers in Europe with touch screen terminals.  Will we soon see the same thing in America?

Almost all of us know someone that is working a low quality job.

Perhaps you find yourself stuck in such a situation.

And when you are slaving away day after day, week after week for next to nothing, it can really suck the life right out of you.

Just consider what one restaurant cook named Ruben goes through on a daily basis

Ruben has worked as a cook at the Golden Corral restaurant chain for more than five years, and still only earns $8 per hour.

 

He has been living with his mother because he can’t afford a place on his own. But now she is about to move into an assisted living facility so he has no idea where he will go.

 

His job is in Maryland, so he takes the bus from D.C. every day. The last train home leaves at 11:24 p.m., so on nights when he works later than 11:30 p.m. he walks two hours home because he can’t afford a cab.

 

He says he’s scared to ask for a raise because he’s worried that they will let him go and find someone else willing to take the low wage.

Other Americans have found themselves dumped out of the middle class in recent years and forced to take just about anything that they can find.  A recent Huffington Post piece documented the plight of a formerly middle class couple named David and Barbara Ludwig…

In August 2008, factory workers David and Barbara Ludwig treated themselves to new cars—David a Dodge pickup, Barbara a sporty Mazda 3. With David making $22 an hour and Barbara $19, they could easily afford the payments.

 

A month later, Baldwin Hardware, a unit of Stanley Black & Decker, announced layoffs at the Reading plant where they both worked. David was unemployed for 20 months before finding a janitor job that paid $10 an hour, less than half his previous wage. Barbara hung on, but she, too, lost her shipping-dock job of 26 years as Black & Decker shifted production to Mexico. Now she cleans houses for $10 an hour while looking for something permanent.

 

They still have the cars. The other trappings of their middle-class lifestyle? In the rear-view mirror.

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Wed, 07/02/2014 - 21:14 | 4919889 youngman
youngman's picture

Government jobs are the ones to get..cant be fired..and benefits thru the roof..

Wed, 07/02/2014 - 21:35 | 4919948 IPA
IPA's picture

Until they aren't, until they are, until they are gone 

Wed, 07/02/2014 - 21:40 | 4919960 BlackChicken
BlackChicken's picture

You think it's bad now, wait until that ancient, dried-up, hag, narcissistic bitch, Hillary Clinton becomes our next president

Wed, 07/02/2014 - 22:21 | 4920083 Otto Zitte
Wed, 07/02/2014 - 22:28 | 4920102 Proofreder
Proofreder's picture

Lemme guess ...

You're still pissed over the lack of an invite to the Inaugural Ball from Billary ???

Wed, 07/02/2014 - 23:36 | 4920271 BlackChicken
BlackChicken's picture

How did you know?

Funny that there are already three Hillary fans out there that didn't like my comment about that walking flem bucket/murderer. I feel sorry for them, the whole thing is just a circus show, and that woman already raised 3 BIllion in contributions; sounds like a lock to me.

The worse part is that she would probably do a better job of acting/reading than our current occupant. How far we have fallen...

Thu, 07/03/2014 - 01:20 | 4920444 7.62x54r
7.62x54r's picture

The Republicans own this mess as well.

The current minimum wage will buy $0.27 in pre-1965 currency. This is a clue. When you allow the Federal Reserve to trash money, all boats will sink.

The reason a soda jerk can't afford to raise a family today is because he is not getting paid $1.25/Hr. in silver quarters ( $18.00 today ). He is getting 27 cents. And no one can afford to pay him more than $0.27/Hr. because they are getting trash currency as well.

Thu, 07/03/2014 - 05:11 | 4920694 stacking12321
stacking12321's picture

if you're a soda jerk, or any other kind of jerk, you should NOT be raising a family. the world does not need more jerks.

a better solution is, learn to provide a good or service of value to other people, MAKE a living, TAKE charge of your own life, and stop expecting someone else to GIVE you a job.

 

Thu, 07/03/2014 - 05:51 | 4920737 0z
0z's picture

It was easiest at first, just kill and enslave the indians, then take their lands.

Thu, 07/03/2014 - 11:39 | 4921629 TeethVillage88s
TeethVillage88s's picture

Nice picture on Wikipedia for an avatar under the search for Phlegm.

https://en.wikipedia.org/wiki/Phlegm

I saw TPTB forced Hillary to prove herself and take on Secretary of the State, then prove herself by facing Pakistani women and defend Drone Strikes.

Yup, she has probably be accepted as the "New Puppet".

Wed, 07/02/2014 - 23:34 | 4920270 kchrisc
kchrisc's picture

She WILL not be president. She is a neo-con scare tactic.

"Hillary or neo-con dictatorship?"

"Hope you aren't the one changed."

Thu, 07/03/2014 - 04:18 | 4920643 barre-de-rire
barre-de-rire's picture

off course she will...

 

sheeple got deserved prez....

after the black, the hysteric blond,  after you may have a chance to elect an handicaped, a blind, eventually a fat legless...

after all you have elected since 83 only mentals retards prez, so after a nigger, everything is possible.

 

american dream wide open.

 

wow that scare the shit out of me to think about hillary public pov about isis " lets nuke those fuckin monkeyzzz "

 

/AFK bunker 10 years

Thu, 07/03/2014 - 11:56 | 4921695 TeethVillage88s
TeethVillage88s's picture

Correct.

And in the new a big Milestone.

America's First 4 Star Woman. It echos what you are saying.

The Military is very Alpha Male and misogynistic. Or anyway Misogyny is tolerated very well.

I don't want to take anything away from the First Female 4 Star General. I'm sure the military molded her and provided excellent opportunities to accomplish milestones in her career.

I do notice that men supervisors like working with women, working with women, and hanging around women even if they neglect male employees.

Thu, 07/03/2014 - 07:26 | 4920832 August
August's picture

I think I smell a Rethuglican Administration coming up. 

That Rubio guy has a nice smile.

Thu, 07/03/2014 - 11:48 | 4921659 TeethVillage88s
TeethVillage88s's picture

Obama is a Warmonger
GWB is a Warmonger
Dick Chaney
Liz Chaney
Lon Chaney
Don Rumsfeld
Wolfowitz
Hillery Clinton
Bill Clinton
Albert Gore
Heinz Horseface
Biden what's his name
Lindsey Grahm
John McCain
Sara Palin
Susan RIce
Condeliza RIce
Peter King
The old funny looking Jew Senator

Hell they make war, then don't want to pay for it or send their kids to fight in the sand or mud.

Bush & Obama look like Puppets. But Reagan Got shot and had a CIA VP waiting in the wings to take over. Maybe Reagan was a Puppet too. Bill Clinton proved to be a tool when he signed NAFTA, pushed for sub prime housing, and then aided to make sure derivatives would not be regulated & deregulated banks (Citibank & AIG Merger)

Wed, 07/02/2014 - 21:37 | 4919954 SunRise
SunRise's picture

The Printing Press explains it.

Wed, 07/02/2014 - 22:17 | 4920072 CrashisOptimistic
CrashisOptimistic's picture

Another Snyder list!!!

Who would have ever thought it?

Wed, 07/02/2014 - 21:40 | 4919956 AssFire
AssFire's picture

Government job is defacto welfare with a title along with an assigned meeting place for playtime.

Wed, 07/02/2014 - 21:39 | 4919966 yogibear
yogibear's picture

Usually easy jobs, inflated pay and keep going.

 

Wed, 07/02/2014 - 21:55 | 4920017 Oldwood
Oldwood's picture

Government jobs are like the stock market...the "last" sure thing.

Wed, 07/02/2014 - 21:14 | 4919891 duo
duo's picture

Thanks Obama, I mean WalMart.

Wed, 07/02/2014 - 21:15 | 4919892 Grande Tetons
Grande Tetons's picture

 

Ruben has worked as a cook at the Golden Corral restaurant does not have to worry about nail guns. Cheer up Ruben, at least you do not have throat cancer and Satan waiting to stick his pitch fork up your ass for all enternity. 

Wed, 07/02/2014 - 21:58 | 4920029 eclectic syncretist
eclectic syncretist's picture

Amen to that brother.

Wed, 07/02/2014 - 22:05 | 4920043 Grande Tetons
Grande Tetons's picture

The old rules of the playground were when someone cried Uncle you were to stop inflicting pain.  Dimon, and his ilk, are the bullies who kept giving swirlies to the special needs kid whose only word was Uncle. 

 Point being, ole Ruben and the speical needs kid do not need to worry about Karma..too too much. 

Wed, 07/02/2014 - 22:28 | 4920099 TVP
TVP's picture

Throat cancer can be cured.

 

It only costs a cool $10 Million.

 

Just watch this prick survive.  

 

The ones who don't deserve to live, tend to live the longest, while the good ones always die young.   

Wed, 07/02/2014 - 23:38 | 4920282 Idaho potato head
Idaho potato head's picture

Yes indeed, look at Kissinger, Brezhensky, Soros, I mean come on!

Wed, 07/02/2014 - 23:39 | 4920283 Idaho potato head
Idaho potato head's picture

Double tap, sorry.

Thu, 07/03/2014 - 00:03 | 4920338 Real Estate Geek
Real Estate Geek's picture

Why apologize?  A double tap seems quite appropriate for each of those war criminals.

Thu, 07/03/2014 - 00:30 | 4920380 mt paul
mt paul's picture

comment removed

pending review by DHS.....

Wed, 07/02/2014 - 21:23 | 4919918 bobbydelgreco
bobbydelgreco's picture

its called plutocracy

Wed, 07/02/2014 - 21:24 | 4919921 Caviar Emptor
Caviar Emptor's picture

Why worry? We are way to busy for jobs these days. Too many other obligations: social media, photo blogs, gaming, porn, video on the go, texting, TV series, food fads, sports, kardashians... America is roaring!

Wed, 07/02/2014 - 21:32 | 4919938 Thunderbox
Thunderbox's picture

Work is for shee....  er suckers!

Wed, 07/02/2014 - 23:17 | 4920220 Jerk_Store
Jerk_Store's picture

Why worry? We are way to busy for jobs these days. Too many other obligations: social media, photo blogs, gaming, porn, video on the go, texting, TV series, food fads, sports, kardashians... America is roaring!

 

Can't I earn a living making videos for youtube?

Wed, 07/02/2014 - 21:29 | 4919932 Buster Cherry
Buster Cherry's picture

Another list of.how fucked.we.are.

 

Wed, 07/02/2014 - 21:31 | 4919936 stoneworker
stoneworker's picture

Can somebody help me out with fact number 4 "At this point, 53 percent of all wage earners in the United States make less than $30,000 a year."....as far as I know the situation was much worse.

9 of the top 10 most commonly held occupations pay an average wage of less than $35,000 a year

http://theeconomiccollapseblog.com/archives/9-of-the-top-10-occupations-...

Does the 5 thousand make that big of a difference or is somebody fibbing?

Wed, 07/02/2014 - 21:39 | 4919967 Caviar Emptor
Caviar Emptor's picture

Well he did say "average wage". The oldest occupation pulls the average up

Wed, 07/02/2014 - 21:37 | 4919949 westboundnup
westboundnup's picture

Graduated in '95 with a BA degree from one of the top colleges in the country.  The quality of entry level jobs was abysmal.  Can't imagine how bad it is now. 

Wed, 07/02/2014 - 22:32 | 4920109 Yes_Questions
Yes_Questions's picture

 

 

I don't know if this applies to you, so don't take it the wrong way if it does.

 

Media and Parents each do kids a major disservice by pushing the idea work begins after a certain level of formal education be it high school, college what have you..

 

Its a big, fucking lie!

 

 

Wed, 07/02/2014 - 23:45 | 4920300 Jerk_Store
Jerk_Store's picture

Media and Parents each do kids a major disservice by pushing the idea work begins after a certain level of formal education be it high school, college what have you..

 

Kids actually listen to their parents? I thought that the kids run the house nowadays.

Sun, 07/06/2014 - 01:58 | 4928357 Otto Zitte
Otto Zitte's picture

Nope. Natty whores set the fashion statement and teachers weed out every child who poses a threat to their child molesting rings for permanent crippling, while Eric Holder and ilk get paid. Same as the religions they copied the State models on, just no absolute principles, ethics and rules.

"You get to keep what you are willing to fight for. And die for, if necessary." Captain Milton William Cooper, USN

"You will continue to get what you are willing to put up with, as long and as hard as you are willing to put up with it. Then you will do what you must." ME

Wed, 07/02/2014 - 21:39 | 4919964 moneybots
moneybots's picture

#5 Approximately one out of every four part-time workers in America is living below the poverty line.

 

How long until 4 out of 4 are?

Wed, 07/02/2014 - 23:32 | 4920266 Jerk_Store
Jerk_Store's picture

#5Approximately one out of every fourpart-time workers in America is living below the poverty line.

How long until 4 out of 4 are?

 

That depends on when they move the line


Wed, 07/02/2014 - 21:41 | 4919971 moneybots
moneybots's picture

" According to one survey, 76 percent of all Americans are living paycheck to paycheck."

 

How long until 99% are?

Wed, 07/02/2014 - 23:28 | 4920258 Jerk_Store
Jerk_Store's picture

" According to one survey, 76 percent of all Americans are living paycheck to paycheck."

 

" According to my informal survey, 76 percent of all Mexicans (in Mexico) are living paycheck to paycheck." It all equaled out..Ain't that sumpin.

Wed, 07/02/2014 - 21:41 | 4919978 yogibear
yogibear's picture

I know of people that work downtown at a city job and it's 10 AM to 2pm making 6 figures. Plus a pension. 

Thu, 07/03/2014 - 00:04 | 4920343 Real Estate Geek
Real Estate Geek's picture

Same here--but they're all in City Hall.

Wed, 07/02/2014 - 21:43 | 4919983 moneybots
moneybots's picture

"#17 The plight of unemployed workers is likely going to continue to get even worse as technology replaces more of our low paying jobs.  For example, McDonald’s plans to experiment by replacing thousands of workers in Europe with touch screen terminals.  Will we soon see the same thing in America?"

 

In spades.

Wed, 07/02/2014 - 23:34 | 4920272 Jerk_Store
Jerk_Store's picture

"#17 The plight of unemployed workers is likely going to continue to get even worse as technology replaces more of our low paying jobs.  For example, McDonald’s plans to experiment by replacing thousands of workers in Europe with touch screen terminals.  Will we soon see the same thing in America?"

Ummm.....well.....yeah....and customers will like it too.

Thu, 07/03/2014 - 05:27 | 4920712 Aussiekiwi
Aussiekiwi's picture

I might even try Mac Donalds just to use one,

Wed, 07/02/2014 - 21:44 | 4919985 Jim B
Jim B's picture

As Nazi Pelosi says "Embrace the SUCK!" 

 

PS. BTFATH! 

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