Do you want to know
why it seems like good jobs are very rare in the
One of the biggest
expenses that any corporation faces is labor. Large corporations all over the
globe are in an endless race to gain a competitive advantage by pushing labor
costs as low as possible. Sometimes this is done by using technology.
Computers, automation, robotics and other
forms of technology have eliminated millions of jobs in the
As a result, there
is increased competition for the jobs that remain in the
So how exactly did
the authors of the paper mentioned above come to the conclusion that only 24.6
percent of all jobs in the
Well, they had three criteria for what a "good job" is …
1] The job must pay at least $18.50 an hour. According to the authors, that is the equivalent of the median hourly pay for American workers back in 1979 after you adjust for inflation.
2] The job must provide access to employer-sponsored health insurance, and the employer must pay at least some portion of the cost of that insurance.
3] The job must provide access to an employer-sponsored retirement plan.
criteria, the authors of the study found that only 24.6 percent of all jobs in
So why are there so few good jobs in this country?
Is it because we aren't educated enough?
No, the authors of
the study found that 34 percent of all
So what is the problem?
Sadly, the truth is
that in a global economy
So for big corporations it makes a lot of sense to move jobs to countries where there is very little red tape and where you can pay workers next to nothing.
Neither major political party is doing anything to stop our economy from bleeding good jobs, and so it will continue happening.
To get an idea of
just how bad the unemployment situation has gotten in the
The U-6 rate includes "discouraged" workers that have given up on looking for a job and it also includes those that have part-time jobs but that really would like full-time jobs.
When you look at the U-6 rate, the increase in unemployment from just 5 years ago is absolutely staggering. The following is from a recent CNBC article ...
Those numbers compare especially unfavorably to the national rate, high in itself at 14.9 percent though off its record peak of 17.2 percent in October 2009.
Those often being
hit the hardest are those just entering the labor market. For example, about 53
percent of all
Most of the jobs
that are available for young college graduates (or for the rest of us for that
matter) are crappy low paying jobs that often come with no
benefits. In the
So can you pay the rent and support a family on ten dollars an hour?
Of course not.
But these kinds of
jobs are becoming more of a part of the labor market in the
Three decades ago,
less than 30% of all jobs in the
Now, more than 40%
of all jobs in the
Will it soon be 50 percent?
Sadly, many Americans are just thankful to be able to find any job at all. There are millions of workers out there that have become so frustrated that they have given up on finding a job entirely.
Something has gone horribly, horribly wrong.
Well, if the economy is not producing enough good jobs, could starting your own business be the answer?
Unfortunately, our politicians absolutely love to swamp our small businesses with taxes, rules and regulations.
If a small business can somehow survive our politicians, then it must also somehow find a way to survive competition from the giant predator corporations that ruthlessly dominate our economy.
When you consider how much is stacked against our small businesses, it becomes easy to understand why they are doing so badly today.
For example, it was
recently revealed that the
But small businesses did not just suffer during the recession. The truth is that they have been hurting for a long, long time.
In fact, the percentage of Americans that are self-employed fell by more than 20 percent between 1991 and 2010.
And small businesses are creating jobs at a much lower rate than they did previously.
In 2010, the number
of jobs created at new businesses in the
So needless to say, we are facing some major problems.
The way that our
economic system is structured is absolutely killing American workers and it is
absolutely killing small businesses in the
If we continue on the path that we are on, things are going to get even worse.
Do you have a solution for these problems? …