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Posted: 4/28/2014 5:42:12 PM EDT
WASHINGTON — The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.
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In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.




<....>

With joblessness high and job gains concentrated in low-wage industries, hundreds of thousands of Americans have accepted positions that pay less than they used to make, in some cases, sliding out of the middle class and into the ranks of the working poor.

That includes Connie Ogletree, a former administrative and executive assistant who now earns $7.25 an hour at a McDonald’s in Atlanta. "It was 40 years ago that I had my first fast-food job, at a Dairy Queen,” said Ms. Ogletree, 55. "This is my second.”



http://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?partner=rss&emc=rss&smid=tw-nytimes&_r=1
Link Posted: 4/28/2014 5:43:04 PM EDT
[Last Edit: 4/28/2014 5:43:27 PM EDT by pale_pony]
I miss Bill Klinton...there were plenty of jobs when he was in office.





I had THREE of them.



Link Posted: 4/28/2014 5:43:36 PM EDT
No shit. Welcome to the service economy, I'll take a Grande Latte please.
Link Posted: 4/28/2014 5:45:22 PM EDT
Obamanomics, explained in 6 words. "Do you want fries with that?"
Link Posted: 4/28/2014 5:45:28 PM EDT
The NY Times selling the "Obama Recovery" down the river???? WTF is going on?
Link Posted: 4/28/2014 5:48:28 PM EDT
the country is not rich right now, similar to the malaise of the late 70's

Link Posted: 4/28/2014 5:49:50 PM EDT
But barak told us that the democrats are all about helping the middle class.
Link Posted: 4/28/2014 5:51:34 PM EDT
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Originally Posted By phatmax:
The NY Times selling the "Obama Recovery" down the river???? WTF is going on?
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Preparing to blame the shitty economy on the Kenyan, so Hillary can come in and "save us".



Link Posted: 4/28/2014 5:51:46 PM EDT
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Originally Posted By Partisan:
But barak told us that the democrats are all about helping the middle class.
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Nobody in government is about helping the middle class. Government can't control the middle class.
Link Posted: 4/28/2014 5:52:20 PM EDT
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Originally Posted By hicap:
the country is not rich right now, similar to the malaise of the late 70's

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In the late 70's we made things. Now we cook french fries.
Link Posted: 4/28/2014 5:54:47 PM EDT
Still GWB's fault and the GOP for blocking Obungo's efforts.
Link Posted: 4/28/2014 5:55:59 PM EDT
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Originally Posted By ElectricSheep556:
No shit. Welcome to the service economy, I'll take a Grande Latte please.
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There is construction and oil field work.....but wait I don't want to move from my city or get my hands dirty. That shit's for immigrants.
Link Posted: 4/28/2014 5:56:48 PM EDT
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Originally Posted By phatmax:
The NY Times selling the "Obama Recovery" down the river???? WTF is going on?
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Not at all, it's a "raise the minimum wage to $10.10" piece.
Link Posted: 4/28/2014 5:57:52 PM EDT
Obama (may fuck be ever upon him) is not the sole father of this particular goat fuck. Send everyone to college to get inflated grades in financially worthless fields of endevour, turn the US into a service economy and sign onto free trade agreement after free trade agreement in rapid succession so that the economy has no time to digest the initial results, and all the while increase the payouts to the dole and nobody should be surprised that this is the result.

No more mining here, we're saving the earth by putting up walmarts.
No more timber industry here, we're saving the trees by building starbucks.
No making, no building, no farming, no fire, no shit.

Fuck. This. All.
Link Posted: 4/28/2014 6:10:04 PM EDT
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Originally Posted By pale_pony:
I miss Bill Klinton...there were plenty of jobs when he was in office.





I had THREE of them.

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That was because of the tech boom.
Link Posted: 4/28/2014 6:12:11 PM EDT
There has been no recovery. More Americans on extended unemployment or EBTs than ever before. Wait for one of these:

1) Interest rates rise;
2) derivatives market crash;
3) federal reserve note toppled as the world's reserve currency.

Any one of these will unveil the global depression that we've been in.
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