Friday, August 02, 2013

Are We Slowly being Converted to a Part-time Worker Society?

To be sure, job cuts--and some might say, massive job cuts--are a daily event, but what about jobs created? According to the Household Survey, of the 953,000 jobs created in 2013, 77%, or 731,000 are part-time (full-time=35 hours or more per week, part-time=less than 35 hours per week) so as Zero Hedge has been saying for over three years, the workplace in America is radically changing right before our eyes, although, unlike Zero Hedge, I certainly don't think Obamacare is the reason behind the transition to a part-time work force. Jobs were sent away a long time ago and our current economy was/is a creation decades in the making. Don't forget that the financial crisis started under 'W' who started two wars, created the TSA, passed the Patriot Act, pushed for the bailouts, and spent more than every president prior to him.

Moreover, we're fighting for full-time jobs that should be paying at least 40-60k but are instead paying 15-30k with less benefits and no job security, not to mention, the huge student loan debt that most people have to pay off no matter what kind of job they get.

Sadly, for the first time ever, this generation will not be better off than its parents, and paradoxically, the cost of living can be higher, much higher for the poor, a segment of our population that is growing larger everyday, a segment of our population that our younger generations can look forward to inclusion because Good luck finding full-time employment!


tampa corporate law 03:53  

"For the first time ever, this generation will not be better off than its parents" has got to be one of the most troubling news I have ever read in weeks. I believe the younger generation can get through this. Thanks for sharing this, by the way.

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