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America Will Soon Have More Waiters And Bartenders Than Manufacturing Workers

Tyler Durden's picture




 

While the headline jobs print was a modest kneejerk disappointment at least until it is appropriately spun in some sort of "goldilocks" frame, where the October jobs report was a true disappointment, was in the report of average hourly earnings: rising at just 0.1% for the month and 2.0% Y/Y, it missed expectations across both metrics. As a reminder, even Janet Yellen has observed that with the unemployment rate ridiculously low and thus meaningless to shape policy, the key thing the Fed head is watching is any changes in wages to determine where benign wage inflation is headed. Well, as the chart below shows, it is headed exactly nowhere, because 6 years after the recovery, wages simply refuse to rise.

 

And while there are many reason to explain this phenomenon, most of which have been covered here in the past, here is the easiest explanation of why wages have, and will continue to disappoint to the downside. From the report:

  • Food services and drinking places added 42,000 jobs in October, compared  with an average gain of 26,000 jobs per month over the prior 12 months.
  • Employment in professional and business services continued to trend up over  the month (+37,000).  Over the prior 12 months, job gains averaged 56,000 per  month. In October, employment continued to trend up in temporary help services  (+15,000).

In brief: well-paying jobs lower, low-paying jobs much higher.

And to visualize it: in October the US economy added the most waiters and bartenders in over a year. In fact at 42K, one in every five jobs "created" in the US economy went to a bartender, or a waiter.

 

Finally, putting it all in perspective, here is the total number of waters and bartenders Vs. manufacturing workers in the US since 1990. The red (bad) line has almost caught up with the blue (good) one. So much for Obama's manufacturing renaissance promise as manufacturing workers have barely recouped any of the losses since the Great Depression started in 2008, while America has never had more waters and bartenders.

 

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Fri, 11/07/2014 - 10:13 | 5423302 Seasmoke
Seasmoke's picture

Make mine a double. 

Fri, 11/07/2014 - 10:13 | 5423308 Shocker
Shocker's picture

More part time, lower wage jobs.. What kind of recovery is this?

Job Situation: http://www.dailyjobcuts.com

-

Fri, 11/07/2014 - 10:14 | 5423314 wallstreetapost...
wallstreetaposteriori's picture

The winning kind!!!  

Fri, 11/07/2014 - 10:20 | 5423345 Headbanger
Headbanger's picture

I'm buying!

It's Friday and  noon time somewhere!

Fri, 11/07/2014 - 10:34 | 5423388 TeamDepends
TeamDepends's picture

Grab a brew.  Don't cost nuthin'.

Fri, 11/07/2014 - 10:40 | 5423406 Save_America1st
Save_America1st's picture

it's pay day and I'll be stackin' some sweet, shiny, silvery phyzz ;-)

bitchez...

Fri, 11/07/2014 - 10:52 | 5423445 GetZeeGold
GetZeeGold's picture

 

 

Get your own drink......I just hit 29.5 hours.

Fri, 11/07/2014 - 11:17 | 5423562 Rubbish
Rubbish's picture

Bar was full last night as the Browns spanked Cincy and took the division lead. Miracles for a 40 year Cleveland Fan !

 

Gold Bitches.....I pick up pennies

Fri, 11/07/2014 - 12:38 | 5423797 TruthInSunshine
TruthInSunshine's picture

Oxford University economic study released stating automation will eliminate 75 MILLION+ JOBS in U.S. by 2035, bitchez .

http://www.leaderpost.com/technology/future+without+work/10357216/story....

A future without work?
 
Machines may soon take over half of today's jobs

"Tinkerine Studios' loft-like space in central Vancouver seems innocent enough.

Part hip startup, part modern hobby shop, its minimal work stations and fresh white walls contrast with the candy-coloured plastic trinkets lining the shelves, each one produced by Tinkerine's marquee product: a line of 3D printers.

For those who haven't seen the process in action, 3D printing can be a hard concept to grasp. Taking a virtual design and making it physical at the touch of a button still seems like something out of science fiction. Up close and personal, however, it's much less mysterious. In fact, it's kind of cute.

Each sleek little machine hums a wheezy little tune as it sucks bright plastic filament off a spool, heats it up and pumps it through a nozzle - sort of like a hot-glue gun - adding layer upon layer until - voila - you have a thing! An iPhone case, a vase, a scale model of the Eiffel Tower: these are just some of the items they can produce.

"At the end of the day, we're really here to make a product or tool that allows anybody to do anything they want with it," says Eugene Suyu, Tinkerine's 25-year-old founder. "The sky's really the limit for the end user."

Right now, that's mostly design geeks and small businesses looking for a means to produce cheap and easy prototypes, but Suyu has his sights set on a much larger market.

"These units will eventually trickle into homes," he says.

He's probably right. Like the Internet in its early days, 3D printing seems niche and esoteric now, but the technology seems destined for ubiquity just as soon as the kinks get worked out and we all learn how to use it.

When that happens, a lot of people are going to be out of a job.

***Add that to steady advancements in computing technology that put nearly half of today's jobs at risk for automation, according to a recent Oxford University study, and you have a massive societal shift on your hands.***"

PLEASE DO NOT WORRY.

Fri, 11/07/2014 - 12:53 | 5424002 mjcOH1
mjcOH1's picture

"Finally, putting it all in perspective, here is the total number of waters and bartenders Vs. manufacturing workers in the US since 1990. The red (bad) line has almost caught up with the blue (good) one."

 

What a a joke.   Graph the number of 'government' workers vs manufacturing workers if you want to see where we're really at.   The number of 'takers' exceeded the number of 'producers' in most states over 10 years ago.  'Government' is the largest employer in most former 'manufacturing' states. 

Fri, 11/07/2014 - 13:59 | 5424262 MisterMousePotato
MisterMousePotato's picture

Why not? After all, it's been ten or 15 years now since the number of government employees exceeded manufacturing employees (true - look it up, if you want).

Nothing bad has come of that, now, has it?

Fri, 11/07/2014 - 17:55 | 5425254 mjcOH1
mjcOH1's picture

"Nothing bad has come of that, now, has it?"

Aside from a $17 trillion national debt, $600B to 1trillion budget deficit, and a generation of EBT addicts, it's all good.

Fri, 11/07/2014 - 10:42 | 5423408 Took Red Pill
Took Red Pill's picture

How can all these people afford to go out to eat so much?

Fri, 11/07/2014 - 11:05 | 5423511 MontgomeryScott
MontgomeryScott's picture

Easy. EBT cash cards.

Fri, 11/07/2014 - 10:27 | 5423367 Wait What
Wait What's picture

someone's gotta pour my drinks when i'm too drunk to do it myself.

"bartender, you've earned your $15 an hour tonight. here's a $5 tip, that should cover your rent on that 1 bedroom in the ghetto."

Fri, 11/07/2014 - 12:52 | 5423999 Stuck on Zero
Stuck on Zero's picture

That's the key.  Bar tenders are actually manufacturing workers.  They assemble finished drinks.

Fri, 11/07/2014 - 12:07 | 5423769 Eireann go Brach
Eireann go Brach's picture

Obamanomics, who needs to build shit when you can hire people to serve fried chicken all day!

Fri, 11/07/2014 - 14:34 | 5424405 Perimetr
Perimetr's picture

You want to supersize that?

Fri, 11/07/2014 - 10:12 | 5423305 Doubleguns
Doubleguns's picture

Returning to very basic needs in this down turn. Need food and escape from the reality. 

Fri, 11/07/2014 - 10:21 | 5423351 Headbanger
Headbanger's picture

What's this "reality" thing you mention??

Oh wait..   Is it that nasty shit when I'm sober??

Fri, 11/07/2014 - 10:27 | 5423372 NotApplicable
NotApplicable's picture

Reality is merely one's most plausible belief system.

Kegerator (or as I call it, "beer fountain"), FTW!

Fri, 11/07/2014 - 10:58 | 5423477 Headbanger
Headbanger's picture

And I'm a drunk... NOT an alcoholic..

 

Alcoholics go to meetings...

Fri, 11/07/2014 - 13:37 | 5424178 Utah_Get_Me_2
Utah_Get_Me_2's picture

Meetings are for pussies.

Fri, 11/07/2014 - 12:29 | 5423867 Osmium
Osmium's picture

Reality is for people who can't handle drugs or alcohol.

Fri, 11/07/2014 - 12:12 | 5423783 Billy Sol Estes
Billy Sol Estes's picture

The escape lasts as long as the glass is full.

Fri, 11/07/2014 - 10:14 | 5423307 ejmoosa
ejmoosa's picture

THe BLS number has become a useless metric.  How can you add 2.8 million jobs in a year(unadjusted) and see no drop in welfare recipients at all?

I'll believe the number where people are receiving checks from the government over surveys any day.

 

Fri, 11/07/2014 - 10:22 | 5423354 ATM
ATM's picture

If the working age population increased 2.8M (not unlikely) then the number on the dole would not change.  

Fri, 11/07/2014 - 11:08 | 5423521 Spastica Rex
Spastica Rex's picture

I find it really funny that simple math is downvoted.

Fri, 11/07/2014 - 13:31 | 5424147 General Decline
General Decline's picture

math is anti-semetic

Fri, 11/07/2014 - 11:44 | 5423684 unionbroker
unionbroker's picture

and i guess nobody retired on the other end

Fri, 11/07/2014 - 11:00 | 5423492 duo
duo's picture

Frankly I'm surprised that there still are more manufacturing workers than waiters/bartenders.  Didn't the BLS try to re-classify burger flipping as manufacturing a few years ago?

Fri, 11/07/2014 - 11:02 | 5423504 101 years and c...
101 years and counting's picture

the "creation" of jobs over the last 2 years has been done by simply reallocation of worker hours.  because of obamacare, companies reduce employee hours to under 30 per week.  do this enough, and you need to "create a job" to cover those hours that have been taken from other employees.  

Fri, 11/07/2014 - 10:14 | 5423315 p00k1e
p00k1e's picture

Import cheap, but clever plastic crap from China and sling it on the flea market circuit.

The last show I went to was chock full of Chinese lasers, night vision and the like. 

Fri, 11/07/2014 - 11:12 | 5423541 toady
toady's picture

I saw an interesting scam yesterday. Apparently they're getting old mattresses, tearing off the old fabric (keeping the labels) then sewing new fabric (and the old labels) on the old frame.

Apparently it's becoming a cottage industry here in Phoenix. A local investigative reporter had a bunch of footage of Mexicans driving around picking up old mattresses from the side of the road, the dump, etc, then doing the refurbishing at a storage locker, and finally selling them as new at the park-n-swap.

All I'd need is some mattress fabric, an industrial-size sewing machine, and rent money for a storage space & a space at park-n-swap!

Fri, 11/07/2014 - 12:04 | 5423764 Cathartes Aura
Cathartes Aura's picture

the selling of "used" mattresses pretending to be "new" has been going on for well over a decade - fly-by night storefronts with mattresses stacked, short lease gone after a few months.  apparently "legal" - though what you're describing is more of a scam apparently.

Fri, 11/07/2014 - 14:24 | 5424372 Ying-Yang
Ying-Yang's picture

Recycled bed bugs as well

Fri, 11/07/2014 - 12:25 | 5423846 RaceToTheBottom
RaceToTheBottom's picture

Pretty cool idea.

Can they build mine to have a safe in it?

Fri, 11/07/2014 - 12:49 | 5423984 TruthInSunshine
TruthInSunshine's picture

And the bed bugs and other parasites come free!

Fri, 11/07/2014 - 15:36 | 5424727 Leraconteur
Leraconteur's picture

Yep. The bed mites will number in the millions.

Fri, 11/07/2014 - 10:15 | 5423318 1000yrdstare
1000yrdstare's picture

The sale and consumption of Alchohol goes up in a depression....duh.

Fri, 11/07/2014 - 10:29 | 5423375 p00k1e
p00k1e's picture

1000yrdstare has the answer.

Download the 'Moonshiners’ series from Amazon and go into business. 

Fri, 11/07/2014 - 10:15 | 5423321 Sudden Debt
Sudden Debt's picture

AS LONG AS IT PAYS 15 BUCK PER HOUR, IT DOESN'T MATTER IF YOU'RE A WAITOR OR A WEBDESIGNER!

Fri, 11/07/2014 - 10:17 | 5423340 Never One Roach
Never One Roach's picture

Pleeeze!!!!

 

I’m a ‘Barista’ not a waiter.

 

And I am NOT a cook…I’m a ‘Chef!’

Fri, 11/07/2014 - 10:25 | 5423362 Sudden Debt
Sudden Debt's picture

Don't drewl or we'll have to call for a "Floormanager" to clean it up!

Fri, 11/07/2014 - 11:31 | 5423621 foodstampbarry
foodstampbarry's picture

Shit, you're a catch! Are you female and single? You're my ticket to the good life baby!

Fri, 11/07/2014 - 10:17 | 5423325 Chupacabra-322
Chupacabra-322's picture

We'll, look on the bright side. At least you can get fucked up / lambasted knowing how manipulated the Ponzi is. That is, if you can afford to get fucked up.

Fri, 11/07/2014 - 10:15 | 5423328 richiebaby
richiebaby's picture

Bartender is my dream job

Fri, 11/07/2014 - 10:25 | 5423363 Sudden Debt
Sudden Debt's picture

10 more year in the "Cleaning Lettuce" department and you're up for promotion buddy!

Fri, 11/07/2014 - 12:26 | 5423852 RaceToTheBottom
RaceToTheBottom's picture

All the way to cutting celery.  

BINGO!

Fri, 11/07/2014 - 10:36 | 5423393 p00k1e
p00k1e's picture

Goodfellas Tommy shoots spider Scene

 

https://www.youtube.com/watch?v=uPE7Qr5O6Fg

Fri, 11/07/2014 - 11:25 | 5423590 toady
toady's picture

My brother was way ahead of the curve on this one. Got a bartender job at the VFW about 10 years ago. All the vodka he can drink, no morning shifts, can shuffle his schedule whenever he wants time off...

ALL THE VODKA HE CAN DRINK!

Fri, 11/07/2014 - 12:55 | 5424024 BrerRabbit
BrerRabbit's picture

Bartending is a difficult job. Gotta be smart, hardworking and personable. It's to be respected.

Fri, 11/07/2014 - 14:42 | 5424465 Intoxicologist
Intoxicologist's picture

.

 

"Bartender is my dream job."

Well, then take a deep breath and be prepared to hear this each and every night of your glamourous bartending career. 

https://www.youtube.com/watch?v=McMWRA4Tzw0

 

Fri, 11/07/2014 - 10:16 | 5423330 Hannibal Barca
Hannibal Barca's picture

Bartenders usually are sexy.

The golfer got a plan!

Fri, 11/07/2014 - 10:18 | 5423339 Chupacabra-322
Chupacabra-322's picture

You didn't build that drink.

Fri, 11/07/2014 - 10:19 | 5423342 RallyRoundTheFamily
RallyRoundTheFamily's picture

Don't worry the R's will fix it, soon it will be 3 out of 5.

Fri, 11/07/2014 - 10:22 | 5423358 ATM
ATM's picture

I thought it was the Fed's job to fix it?

Fri, 11/07/2014 - 11:28 | 5423608 toady
toady's picture

Get to work Mr. Yellen!

Fri, 11/07/2014 - 10:19 | 5423344 Government need...
Government needs you to pay taxes's picture

If the entertainment and leisure sector is expanding, isnt that bullish for the economy?

Fri, 11/07/2014 - 10:26 | 5423368 magnumopusdeislayed
magnumopusdeislayed's picture

YES. Because in the Upside-down State of Amnesia, doing nothing but tinkering on my iPad makes me MOAR in welfare fiat duckets!!

Fri, 11/07/2014 - 10:21 | 5423350 Seasmoke
Seasmoke's picture

We got some folks drunk. 

Fri, 11/07/2014 - 10:22 | 5423356 Wahine
Wahine's picture

When I was in the desperate I'll take anything at all point of my unemployment last year, I couldn't get a job as a waiter because I lacked experience.  One restaurant was kind enough to let me audition for a position in the kitchen with one day of unpaid work.  I asked what their decision was at the end of the day and they told me to come in for the rest of the week before they made up their mind.   Another had me go on 3 interviews for a busser position only to be turned down.  Chipotle required 3 interviews as well.

 

Fri, 11/07/2014 - 11:58 | 5423745 the not so migh...
the not so mighty maximiza's picture

with that scam, make sure to injur yourself while "working for free"    payout can be huge

Fri, 11/07/2014 - 12:14 | 5423794 Graph
Graph's picture

Now what you mean.

In early 90-s recession, one day I was working  in the penthouse design office and the next  I was as a delivery driver for legal documents, frozen human organs and VHS demo tapes in LA.

To get that position I had to lie that for the good part I was running errands for my company "while being trained".

Thanks  Good it was a short endeavor, but life experience never the less.

What I fear, though, this time is different for successful rebound for many.

Fri, 11/07/2014 - 10:22 | 5423357 Ghostdog
Ghostdog's picture

What? No butlers? How disappointing

Fri, 11/07/2014 - 10:24 | 5423359 FreeShitter
FreeShitter's picture

Can you make a Bullshark?

Can you make a shoe stink?

You're all right kid...

Fri, 11/07/2014 - 10:32 | 5423376 shovelhead
shovelhead's picture

I'm happy all those MBA's and JD's are finding gainful employment.

They'll eventually get over the crushing despair of their boss having an AA in womyn's studies.

"Remember, the customers want to see a big smile."

Fri, 11/07/2014 - 10:33 | 5423382 yogibear
yogibear's picture

No worry, Freddie and Fannie have a fog-a-mirror mortgage loan qualification with no money down plan to boost the housing market.

Fri, 11/07/2014 - 13:06 | 5424073 Oldrepublic
Oldrepublic's picture

fog-a-mirror mortgage

 

very funny

Fri, 11/07/2014 - 10:33 | 5423387 rejected
rejected's picture

Manufacturing

 

Where? What?

Fri, 11/07/2014 - 10:34 | 5423391 youngman
youngman's picture

If the SNAP card works at a bar...use it.....like Pelosi said..the poor people spend it faster....but they dont tip well...

Fri, 11/07/2014 - 12:17 | 5423801 Cathartes Aura
Cathartes Aura's picture

the EBT card for "food stamps" - aka JPM's "SNAP" - can only be used for "food" - can't even buy toilet paper with it. . . course, that's what the fiat bux are for, yeh?

only the top o' the line EBT cards, used for "welfare, unemployment, etc." bennies can buy the alcohol, wings & other stuffs from the sports 'n' titty-bars.

Fri, 11/07/2014 - 10:37 | 5423398 vegas
vegas's picture

Well, I do have to eat & drink. On a brighter note, all you millenials who voted for "Hope & Change", here is your future. Add to this career choice a Chalkycare health bill of $700 a month with a $6,000 deductible and you can permanently stay in Mom& Dad's basement. Congrats.

 

www.traderzoo.mobi

Fri, 11/07/2014 - 10:40 | 5423400 Temerity Trader
Temerity Trader's picture

When Americans finally ratchet down their expectations, this will all work just fine. Goodbye wasteful 4000 sq ft McMansion, hello small in-town govt subsidized apartment. Goodbye two giant SUVs, hello Mopeds. Goodbye unused jet skis sitting on the side of the house, goodbye useless house full of toys, all paid for with plastic.  This is the 'New Normal' and it ain't going away. The only jobs that will be left are service jobs and those which can't be done cheaper in Asia. The stock markets will eventually reflect this new reality. Yes, they will.

Fri, 11/07/2014 - 12:21 | 5423826 Cathartes Aura
Cathartes Aura's picture

the global "leveling" of wages necessitates lowering the amrkn pay, as more workers compete for jobs.  more workers = more competition for fewer jobs, less pay & benefits offered - that's "capitalism" at "work", yeah?

Fri, 11/07/2014 - 15:04 | 5424570 Refuse-Resist
Refuse-Resist's picture

True.

 

Unless you work for the government or in healthcare. Then inflated salaries and little to no threat of layoff or outsourcing are the norm.

 

The rest of us struggle while the protected classes luxuriate and party down!

 

Winning! ( if you work in HC or .gov).

Fri, 11/07/2014 - 10:39 | 5423401 Ness.
Ness.'s picture

We have the smartest bartenders and waitresses a college education can buy.  USA! USA!  We need to relax the rub-n-tug laws in this uptight country.  Think of all the new 'jobs' it would create.

Fri, 11/07/2014 - 10:40 | 5423407 auntiesocial
auntiesocial's picture

was this the master plan all along anyway? ass rape middle America and laugh to the bank? 

since the recovery was so awesome, let's have another one! the new and improved version... now without health insurance. work those 29 hours bitch!

Fri, 11/07/2014 - 10:42 | 5423414 p00k1e
p00k1e's picture

Republicans are backtracking on Immigration Reform.  No help there. 

Fri, 11/07/2014 - 10:48 | 5423427 IndianaJohn
IndianaJohn's picture

It's time to go to the cellar with my cup. Ain't no diseased bartenders down there.

Fri, 11/07/2014 - 10:54 | 5423452 RougeUnderwriter
RougeUnderwriter's picture

How many Life Guards were added

 

Fri, 11/07/2014 - 10:53 | 5423454 RougeUnderwriter
RougeUnderwriter's picture

How many Life Guards were added

 

Fri, 11/07/2014 - 10:55 | 5423462 starman
starman's picture

Hey bartenders got the best benefits,  food , booze , tips and hot chick's every night! 

Fri, 11/07/2014 - 11:57 | 5423739 edifice
edifice's picture

If you're at all good looking, you can get more ass than a toilet seat. So a bartender buddy of mine says. He may be lying, hard to say. Though, he's always got a looker on his arm.

Fri, 11/07/2014 - 12:25 | 5423844 Cathartes Aura
Cathartes Aura's picture

bet those "lookers" wear beer goggles. . .

Fri, 11/07/2014 - 15:30 | 5424699 Leraconteur
Leraconteur's picture

True. But it's like being an entertainer - you get into your late 30's and you get shown the door for the next young, vacuous dewd with cheekbones.

Fri, 11/07/2014 - 10:59 | 5423487 J J Pettigrew
J J Pettigrew's picture

Take away the illegal aliens...about 11 million.....and see what wages do!!

Fri, 11/07/2014 - 11:00 | 5423488 J J Pettigrew
J J Pettigrew's picture

Take away the illegal aliens...about 11 million.....and see what wages do!!

Maybe a Liberal Economist can man up and point this out ... maybe

Fri, 11/07/2014 - 11:05 | 5423508 madcows
madcows's picture

the last number i saw was around 30 million illegals...

Fri, 11/07/2014 - 18:07 | 5425296 kumquatsunite
kumquatsunite's picture

Odd isn't? We pay for more than 120 different languages in the California school district and wonder why our own children are stupid and drop out? WE allow foreigners to have green cards that ruin the wages for our own (chatted with an accountant from overseas here on a green card; very very hostile guy cause he knows he is being paid half of what an american would be paid. ya think he doesn't sabotage the company when he can?)

Fri, 11/07/2014 - 11:03 | 5423506 Comte d'herblay
Comte d'herblay's picture

Joe Cassano is now putting the finishing touches on his new derivatives, CDOs, and other fantasy paper guaranteed to yield 10% in dividends per annum.

He is packaging tranches of  manufacturing, bartending, baristo, and waitressing jobs on all 7 continents into a bond that the Jewish Mafia on Wall street is salivating to sell to their customers. These bonds will be loaded into Social security, Widows and orphans, and municipals by the trillions. 

All the mutual funds have bid up opening prices 10% over par. 

Joe and his confreres around the world are having hernia operations for laughing so much and loudly. 

Next on his list in packaged Government jobs which will yield 20% in interest.

All of these new sceurities have been blessed and insured by the Pope, the Imam, and AIG.

Fri, 11/07/2014 - 11:15 | 5423556 syntaxterror
syntaxterror's picture

Bachelors of Bartending Arts is the hot new degree. Yours for only $50,000 per year. Or $250,000 for the five year plan.

Fri, 11/07/2014 - 11:16 | 5423558 That's all Folks
That's all Folks's picture

Is the government actually trying to pay its bills?

 

http://www.bloomberg.com/news/2014-06-16/offshore-cash-of-2-trillion-spa...

 

Makes the $300 million fine on Hyundai look like chump change...

 

http://drivingsalesnews.com/government-fines-add-up-to-300-million-for-h...

 

-That's all Folks-

Fri, 11/07/2014 - 11:20 | 5423574 q99x2
q99x2's picture

Why is everyone going out to eat? I want to go too.

Fri, 11/07/2014 - 11:22 | 5423575 AdvancingTime
AdvancingTime's picture

We are coming face to face with a harsh reality. The long term implications of poor job creation are massive. We are seeing that a huge number of people have dropped out of the work force. Often these people have little in the way of savings, this means the burden of caring for them will be transferred to society. If to many people shift into this category we will slowly wear down through attrition. Finding a fair way to share and balance the work load that goes on every day is one of the most important problems facing our modern world.

Failure to discover a solution to this dilemma bodes poorly for our consumer driven economy and adds to the toxic problem of inequality. Many of the numbers and budget projections of the government have been based on far better employment numbers then we are currently facing or will be facing if this continues. The article below looks at the long-term implication of poor job creation and how it will drastically impact in a negative way both the wealth and future of America.

 http://brucewilds.blogspot.com/2013/09/implications-of-poor-job-creation.html

Fri, 11/07/2014 - 11:25 | 5423582 foodstampbarry
foodstampbarry's picture

Move in with mom and dad, it's your only hope.

MERICA!

Fri, 11/07/2014 - 11:24 | 5423592 Otto Zitte
Otto Zitte's picture

If you have nothing to do you have time to develop your prospects. Make your own jobs. Watching TV & rating porn are not life skills.

Fri, 11/07/2014 - 11:25 | 5423596 Super Hans
Super Hans's picture

Try getting a server position without experience.  it's a no go.  Fuck it!  

Fri, 11/07/2014 - 11:32 | 5423632 Otto Zitte
Otto Zitte's picture

You have to be an immigrant, silly. You're.supposed.to.just.die.already.

Fri, 11/07/2014 - 15:28 | 5424692 Leraconteur
Leraconteur's picture

Lie on your resume, have a friend be your reference.

Fri, 11/07/2014 - 11:27 | 5423602 NoWayJose
NoWayJose's picture

I hope the bartenders and waitresses are studying Chinese in their off hours. The direction the US is heading will lead to a great demand for Chinese speakers in the service industries. Of course, this will only be in well-to-do areas. Any non-Chinese speakers will be serving hash and beer in economically depressed areas - in rundown bars.

Fri, 11/07/2014 - 12:33 | 5423882 RaceToTheBottom
RaceToTheBottom's picture

But you can get there in phases.  First learn chinglish.

Then go for the advanced degree.

Fri, 11/07/2014 - 11:31 | 5423620 SMOOCHY SMOOCHY...
SMOOCHY SMOOCHY CARLO's picture

Increase in service/bar/restaurant sector hires a leading indicator in improving economy?  Probably.

Fri, 11/07/2014 - 11:45 | 5423682 the grateful un...
the grateful unemployed's picture

not : restaurants are already working on automated service employees. if you can skip the 15% gratuity how would you feel about picking up your own dinner?

Fri, 11/07/2014 - 11:33 | 5423631 CHX
CHX's picture

For every custumor one waiter... ... I wonder what the price of a beer will be ? What a recovery.

Fri, 11/07/2014 - 11:55 | 5423732 edifice
edifice's picture

$50, like in I, Robot.

Fri, 11/07/2014 - 11:36 | 5423642 theyjustcantstop
theyjustcantstop's picture

suprise, suprise, oct., election year, more bartenders, more women, "service workers", there is a silver lining, (ha-ha), i'm betting 90% of their wages are tax-dollars.

elections are over they can go straight to part-time christmas work, same jobs, different season.

BSLS needs amnesty, what if a miracle happened, hiring did pick-up, using their stats. there would be a -% age of unemployment.

 

 

Fri, 11/07/2014 - 11:50 | 5423713 hootowl
hootowl's picture

We need to factor in the statistic that most of those waiter and bartending jobs are part-time, less than 30 hours a week.

 

Starve The Beast!  Hang Ovomit!

Fri, 11/07/2014 - 11:46 | 5423687 Vendetta
Vendetta's picture

One more "free trade" agreement like TTIP should put the final stake in the heart of Amerika.... yet people still defend this stuff and vote for politicians who just talk about social issues as if those matter when so many are poverty stricken.  I don't know of a single politician who is against these 'trade' agreements but Amerikans still can't figure out why it sucks more every single year

Fri, 11/07/2014 - 12:20 | 5423817 square wave
square wave's picture

Amerikans still can't figure out why it sucks more every single year

Becasue they're told by the MSM how awesome of a country this is, and that corporations need free trade to create jobs. What they don't realize, because they're too uneducated and purposefully kept ignorant, is that those jobs are being created in Asia, not the US.

Fri, 11/07/2014 - 12:35 | 5423894 RaceToTheBottom
RaceToTheBottom's picture

The phrase is "Exceptional"

Fri, 11/07/2014 - 13:35 | 5424165 Nondrone 99
Nondrone 99's picture

It's exhaustion,Square.America's Biggest Heart Walk & Run,AIDS Walk,Komen's Race For The Cure,Facebooking the Ice Bucket Challenge,putting up hundreds of houses for Habitat,Bowling for Juvenile Diabetes,Bike Rally for Missing & Endangered Children,March For Alsheimer's.driving the kids door to door selling Pop Warner candy bars,Wiggle Waggle Walk for the Humane Society,Facebooking Medea's Rubble Bucket Challenge,Candlelight Vigil and Walk to Stop Domestic Violence-and so on.

Fri, 11/07/2014 - 11:47 | 5423692 Hammerabi
Hammerabi's picture

World needs plenty of bartenders!
-Det. Sgt. Dignam

Fri, 11/07/2014 - 11:50 | 5423714 the grateful un...
the grateful unemployed's picture

greedspam used to say that the service industry was a demand pull, people in service jobs earned wages which allowed them to purchase manufactured items (non manufacturing jobs created demand for manufactured goods) truth be known there is a lot of overcapacity in manufactured products. so you see there is a method to their boom and bust policies. what happens when the new service jobs get automated? the out of work waiters and bartenders slink back to the factories, for the renaissance in manufacturing.  

Fri, 11/07/2014 - 11:53 | 5423727 edifice
edifice's picture

NPR went bold this morning and actually dared to have someone state that, "There were jobs created, but many of them are low-wage". I almost crashed the car, I was so stunned.

Fri, 11/07/2014 - 12:17 | 5423802 square wave
square wave's picture

I've found NPR can be a mixed bag. Sometimes they let the truth 'slip', other times they tow the Wall St. line.

But nearly all the time I can hear the contempt for having to kowtow.

Fri, 11/07/2014 - 12:38 | 5423918 RaceToTheBottom
RaceToTheBottom's picture

I loved it yesterday or so when NPR Business Nightly news (or whatever) were talking about the most powerful people list of which Putin was #1, then Obama, then Primer of China.  Yellen was somewhere on there...

Tyler Matheson then said it was too bad no women were on the list....  Had to laugh out loud...

Fri, 11/07/2014 - 12:01 | 5423757 tempo
tempo's picture

FED withholding reported weekly confirm slight uptick from last year but flat over the past three months. All the BS about unemployment rate is a waste of time as withholding taxes affect the deficit. Its real and there is a big problem in the economy. Regardless the stock market will roar because of stock buybacks, now 60% of operating earnings used for buybacks rather than cap ex, because consumers have little money and we buy most stuff from China. Your kids and grandkids need to start early meals and cleaning up at home. That's their future.

Fri, 11/07/2014 - 12:03 | 5423759 mantrid
mantrid's picture

service based economy!

Fri, 11/07/2014 - 12:03 | 5423760 Utah_Get_Me_2
Utah_Get_Me_2's picture

The world needs ditch diggers too.

-Judge Smails

And it's WAITERS not waters. Jesus christ.

Fri, 11/07/2014 - 12:15 | 5423793 Bollixed
Bollixed's picture

"while America has never had more waters and bartenders."

He means brands of waters. So many they now are hiring bartenders to serve them. Nobody can afford to open a new bar...

Fri, 11/07/2014 - 12:09 | 5423770 lester1
lester1's picture

Reaganomics/ consumerism is a toxic and failed economic policy. It promotes greed, debt, and living beyond your means buying things you don't need made in China. This has been American economic policy since 1980. We are near the end of this failed experiment.

The USA used to have an import tariff to protect our manufacturing sector, but Reagan got rid of it in the 1980s and it opened up the floodgates for job outsourcing to China. Remember this next time you pass one of those giant brick factories thats empty, ruined, and graffiti-ed. People used to work there making a decent wage.

Also keep in mind before Reagan we were the world's biggest creditor nation, and after Reagan we were the biggest debtor nation!

Fri, 11/07/2014 - 12:13 | 5423785 square wave
square wave's picture

Don't worry; all that wealth will just trickle down to the peasant class.

Now go fix me a dirty martini, extra olive.

Fri, 11/07/2014 - 12:29 | 5423866 lasvegaspersona
lasvegaspersona's picture

lester

if this is reagan's fault how did Robert Triffin predict it in 1960?

Any country with the 'exorbitant privilege' would wind up where we are now.

Fri, 11/07/2014 - 12:31 | 5423875 Cathartes Aura
Cathartes Aura's picture

upvoted for daring to point to long-term trends, an agenda that's had many decades planning, still unfolding before our eyes. . . well, anyone whose eyes are open, and willing to name what is seen.

Fri, 11/07/2014 - 14:01 | 5424268 Not My Real Name
Not My Real Name's picture

Statist, socialist policies are what really started the ball rolling, Lester. See: The creation of the Fed, FDR and the Social Security ponzi, and LBJ's guns and butter policy that birthed the failed "Great Society." It was all downhill from there.

Fri, 11/07/2014 - 12:10 | 5423776 Midnight Hour
Midnight Hour's picture

You Americans must have that much Money that you eat out and drink that much that extra Staff is needed to cover those jobs. Yet all you do is complain how bad it is. Must be all that extra Money that the Fed is handing out.

Fri, 11/07/2014 - 12:11 | 5423778 square wave
square wave's picture

Serve the rich: the new American dream.

Fri, 11/07/2014 - 12:43 | 5423933 RaceToTheBottom
RaceToTheBottom's picture

New classes at the local CC:

 

  1. Avoiding taxes on minimum wage jobs.
  2. How to spit into a jerks drink without getting fired
  3. How to avoid paying for mass transit
  4. Keying cars for fun and profit 
Fri, 11/07/2014 - 13:31 | 5424148 BeansMcGreens
BeansMcGreens's picture

5. Dating trannsies, and who picks up the check.

Fri, 11/07/2014 - 14:55 | 5424534 Earl Slaughter-...
Earl Slaughter-- Truck Driver.'s picture

Easy, the "man" picks up the check-- question is, is it the bitch or her date.

Fri, 11/07/2014 - 12:15 | 5423795 Fred Hayek
Fred Hayek's picture

It's all fake.
If there are so many hundreds of thousands of additional waiters and bartenders according to the last several of these reports, then there must be a huge number of new bars and restaurants. I don't see it here in Massachusetts. Not at all. It's all fake.

Fri, 11/07/2014 - 12:17 | 5423799 Jim Shoesesta
Jim Shoesesta's picture

Are peanuts and pretzels still free?

Fri, 11/07/2014 - 13:52 | 5424225 General Decline
General Decline's picture

Yeah, just don't eat them.  Full of urine and feces.  Drunks don't wash their hands.

Fri, 11/07/2014 - 12:19 | 5423815 tahoebumsmith
tahoebumsmith's picture

You don't need to be a science rocket to figure this scam the BLS pulls out of their ass everytime they put together a report. Waiters and waitresses move around frequently. The move to the new job gets added but the old is forgotton. The person that replaces the old job gets added and the old is forgotton as well. There you have it, 2 new jobs added none lost. You see in their world only jobs are added when someone moves on, they never see that person as losing a job or unemployed.

Fri, 11/07/2014 - 12:25 | 5423851 the grateful un...
the grateful unemployed's picture

people forget how important the  restaurant business was during the depression. people lost their homes they had to go somewhere to eat. the famous crime thriller Mildred Pierce is actually a novel about a woman who starts a chain of restaurants during the depression, is very successful, then loses it all, after her daughter seduces her husband, a worthless rich playboy, living off old money which is running out, he marries Mildred. the two of them refer to Mildreds business as the Pie Wagon, and she goes broke trying to keep them happy while they berate her efforts. most of the novel is about her working her way to the top, in a tough business at that time. now you just buy a franchise and count the receipts, (and if they come up short you drop in some money made off drug sales which needs to be laundered). a lot of microbreweries and restaurants are fronts, since there is no direct cost analysis in that business, just ratios, the business was always open to kickback schemes and such.

Fri, 11/07/2014 - 12:42 | 5423939 Cathartes Aura
Cathartes Aura's picture

there's much truth to this,

a lot of microbreweries and restaurants are fronts, since there is no direct cost analysis in that business, just ratios, the business was always open to kickback schemes and such.

and plenty of "drug sale" monies funding these fronts, with "employees" also trading in said "illegal" stuffs - it's getting pretty seedy out there, just like the last "big depression" stories.

great mention of Mildred Pierce - here's a trailer for the Joan Crawford movie.  gotta love the Hollywood spin, shaping cultural roles and minds from the beginning.

 

Fri, 11/07/2014 - 12:27 | 5423854 lasvegaspersona
lasvegaspersona's picture

does this mean we should all start drinking more?

Fri, 11/07/2014 - 12:29 | 5423865 devo
devo's picture

Someone has to serve the 1% and their newfound wealth. This is the trickle down wealth effect. Yellen better hope the 1% tips well.

Fri, 11/07/2014 - 12:31 | 5423873 Saratoga
Saratoga's picture

America may soon collapse.

Fri, 11/07/2014 - 12:36 | 5423909 Seek_Truth
Seek_Truth's picture

America will soon collapse.

FIFY

Fri, 11/07/2014 - 13:03 | 5424058 kumquatsunite
kumquatsunite's picture

Much of this is about the smokescreen of taxes; taxes are spoken of like most people pay a lot of taxes. Since 50% pay Nothing, where is the money coming from?

Businesses in this country are taxed and feed (fees charged for this; fees charged for that) into the ground and That is where the money to redistribute via walmart's food stamp and welfare benefit's program comes from. Cause you know walmart is now just an extension of the govt's desire to infantisize Americans by telling them they don't need to work in order to buy what they want and sleep all day while procreating another welfare mouth by night. 

Here's a fun but scary experiment. Get a baseball cap with a conservative slogan on it and walk through walmart. Watch the heads swivel like The Exorcist. They will eat you so don't hang around too long.

Fri, 11/07/2014 - 13:10 | 5424077 silverer
silverer's picture

America is already collapsing.

Fri, 11/07/2014 - 12:35 | 5423897 eishund
eishund's picture

Obama is just selling snakeoil.

No manufacturing renaissance can compete with THIS.

http://www.taobao.com/

At least, until that yellow metal finally hits its true value and that yellow country backs its fiat with it.

The question is: when will it choose to shoot its own 2 feet?

Fri, 11/07/2014 - 12:35 | 5423905 AynRandFan
AynRandFan's picture

Wage growth is great if you're 65 and older (i.e., working while retired).  Otherwise, it's not.

http://www.advisorperspectives.com/dshort/charts/census/median-household...

Fri, 11/07/2014 - 12:37 | 5423911 CHX
CHX's picture

If you like your bartender, you can keep your bartender. Or become one yourself.

Fri, 11/07/2014 - 12:42 | 5423937 yellowsub
yellowsub's picture

Don't these service types manufacture happiness when serving you that alcholic drink?

Fri, 11/07/2014 - 12:55 | 5424023 silverer
silverer's picture

Give it a while; we can swap waiters and bartenders for stay at home pot smokers.

Fri, 11/07/2014 - 12:57 | 5424034 kumquatsunite
kumquatsunite's picture

Chatted not long ago with an accountant working here on a work visa, because...after all...we have no colleges or universities graduating accountants.

He was a very hostile guy. The company he works for pays him one-half (his words not mine) what they pay American accountants. Now consider that these work visa employees feel "injured" by their pay or their temporary status or anything else that might irk them, do ya think they aren't sabotaging their employers in whatever way they can, when they can? 

No company that is located in this country should be allowed to hire Any foreign workers; And if we give the university and college slots to our OWN kids rather than foreignes we'd have plenty of engineers and computer coders and whatever else we need. But your kid can't get in because the jerk offs at the universities and colleges want that foreign student money to pay for their free cars, their pay that is way beyond anything the rest of the world is paid, and of course, look at the university presidents and see what they make. Why any university president makes over 100,000 is beyond me and is The Reason I contribute nothing to my university in response to their endless requests for alumini donations.

Fri, 11/07/2014 - 12:58 | 5424036 VWAndy
VWAndy's picture

I guess this goes with the hard drinking cop thing. Ever wonder how they sleep at night? Now ya know.

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