[post by UptheFlag]
The Social Security Administration released the following figures about the
type of jobs the economy is producing. This is in response to the “good”
job report for November which saw the unemployment rate drop to 7%.
The SSA has 53% of Americans earning less than $30,000 a year. 40% earn
less than $20,000 a year.
The job report said that 200,000 jobs were created. But, that big number
hides what is really happening out on the streets. It hides the fact that we
have created a wage slavery employment system. The jobs created are terrible.
The report shows 40,000 were hired in the restaurant and retail sector but
with low wages and no benefits ( a restaurant server is paid $2.13 an hour thanks to Herman
Cain (999), the Restaurant Assoc, and Congress. There are 35,000 hires
in “professional service jobs”, but 17,500 are part-time. Bezos and Amazon are
praised for their job growth and 60 Minutes gives a favorable picture, even with
drone delivery, all automated. Many warehousing jobs are at minimum wage. And,
what is Bezos worth? While the healthcare industry has some high wage hires,
most of the jobs are in low wage positions like service(maintenance, housekeeping,
laundry, food service, etc) and with no benefits and part time.
This is where our economy is. We have job growth, but the rest of the story is an economy of part-timers, sub-living wages, and no benefits.
My question is how does this economic picture change, where people have neither
wage security nor money to stimulate the economy to make more jobs?