Few new jobs and most are low paying.

[Ferocious]

Meanwhile, David Rosenberg, chief North American economist at Merrill Lynch, is concerned that growth in average hourly earnings, also a part of the employment report, has declined to 1.7% from over 3% a year ago. He said it is the slowest pace since late 1986.

"It's where we're creating the jobs -- not in high-paying/high-skilled areas in financial services and IT, but in areas like retail," he said in a Friday research report. Rosenberg noted that Wal-Mart alone created 99,000 jobs last year.

Yep. Get away from your computer once in awhile. Go out and talk to people. The vast majority of what few jobs are being created are LOW - paying.

The attack on the middle class is very much alive.

a very pro business site

 

[tec699]

Originally posted by: Ferocious

Meanwhile, David Rosenberg, chief North American economist at Merrill Lynch, is concerned that growth in average hourly earnings, also a part of the employment report, has declined to 1.7% from over 3% a year ago. He said it is the slowest pace since late 1986.

"It's where we're creating the jobs -- not in high-paying/high-skilled areas in financial services and IT, but in areas like retail," he said in a Friday research report. Rosenberg noted that Wal-Mart alone created 99,000 jobs last year.

Yep. Get away from your computer once in awhile. Go out and talk to people. The vast majority of what few jobs are being created are LOW - paying.

The attack on the middle class is very much alive.

a very pro business site

I aggree 100%. Most new jobs are of the $8.00 an hour variety. How the hell can you live when your making $320.00 a week? The big corporations don't give a f*ck either. All they care about is lining their pockets with gold and the lower-middle class are the victims.

 

[Ozoned]

Originally posted by: Ferocious

Meanwhile, David Rosenberg, chief North American economist at Merrill Lynch, is concerned that growth in average hourly earnings, also a part of the employment report, has declined to 1.7% from over 3% a year ago. He said it is the slowest pace since late 1986.

"It's where we're creating the jobs -- not in high-paying/high-skilled areas in financial services and IT, but in areas like retail," he said in a Friday research report. Rosenberg noted that Wal-Mart alone created 99,000 jobs last year.

Yep. Get away from your computer once in awhile. Go out and talk to people. The vast majority of what few jobs are being created are LOW - paying.

The attack on the middle class is very much alive.

a very pro business site

I think it is a case of finding bad news in good news.


So you would rather read news about "no job creation" than what you described up there?

 

[dmcowen674]

Originally posted by: tec699

Originally posted by: Ferocious

Meanwhile, David Rosenberg, chief North American economist at Merrill Lynch, is concerned that growth in average hourly earnings, also a part of the employment report, has declined to 1.7% from over 3% a year ago. He said it is the slowest pace since late 1986.

"It's where we're creating the jobs -- not in high-paying/high-skilled areas in financial services and IT, but in areas like retail," he said in a Friday research report. Rosenberg noted that Wal-Mart alone created 99,000 jobs last year.

Yep. Get away from your computer once in awhile. Go out and talk to people. The vast majority of what few jobs are being created are LOW - paying.

The attack on the middle class is very much alive.

a very pro business site

I aggree 100%. Most new jobs are of the $8.00 an hour variety. How the hell can you live when your making $320.00 a week? The big corporations don't give a f*ck either. All they care about is lining their pockets with gold and the lower-middle class are the victims.

But but but this $8 an hour you speak of is the highest wages ever according to CAD & Co.

Clearly you are mistaken and this Merrill Lynch Economist is an idiot as Rush, The President and CAD & Co will be screaming shortly.

 

[LunarRay]

Hehehehe,
Remember the Albertson's, Von's and Ralph's strike that was recently settled..?

A family member took a job as 'Wine and Spirit' Manager at Albertson's during the strike.. the fellow who was the manager quit the day before the strike started. Anyhow.. Family member was told that he'd be hired when the strike ended.. so it would be no biggie for him to leave his then current position in 'Wine Distribution' for a local Vineyard..
Long and short of the story is.. the position before the strike paid $18.50 and hour plus benefits.. Family member was paid $18.25 but, no benefits during strike... and was offered the position after the strike ended... for $7.75 per hour and told there were others who would accept the position at that wage...
The store location.. Albertson's in Del Mar, Ca... and there was only one Wine and Spirit manager during the strike..
To be fair.. family member was also offered the same position in the Carlsbad, Ca. store.. at the same rate of pay.. $7.75 an hour.. a manager.. imagine that..

 

[Shuxclams]

Double Post.....

SHUX

 

[Shuxclams]

Originally posted by: Ferocious

Meanwhile, David Rosenberg, chief North American economist at Merrill Lynch, is concerned that growth in average hourly earnings, also a part of the employment report, has declined to 1.7% from over 3% a year ago. He said it is the slowest pace since late 1986.

"It's where we're creating the jobs -- not in high-paying/high-skilled areas in financial services and IT, but in areas like retail," he said in a Friday research report. Rosenberg noted that Wal-Mart alone created 99,000 jobs last year.

Yep. Get away from your computer once in awhile. Go out and talk to people. The vast majority of what few jobs are being created are LOW - paying.

The attack on the middle class is very much alive.

a very pro business site

This is the same excat economic theory that Regan and Bush Sr. tried..... Both administrations were wroght with ressessions and in the end created a lot of Part-Time low wage jobs. Thuis they were able to say "We created hundreds of thousands of jobs"....... In the end people figured out they were by far mostly part-time low paying jobs. They broke many Unions and managed to create a great rift between rich and poor... commonly reffered to nowadays as the working poor..... who once were middle class.


Cheers to all that still believe in that economic stratagy..... but I think its a failing one. I would rather have highly trained and high paying positions with health benifits and retirement options available. Of course if we keep cutting education those jobs will continue to be outsourced to low paying forign countries.








SHUX

 

[ReiAyanami]

"If class warfare were being waged today, my class is certainly winning." -Warren Buffett, 2004