It’s an Obama world.
And it’s likely to get worse…
Obamacare will kill off at least two percent of the US full-time workforce.
Obamacare is accelerating the US towards a part-time nation.
Even far left Think Progress reported today that most of the jobs added since the recession are low paying jobs.
Six years after the Great Recession began, job growth has returned to is original peak level. But the kinds of jobs that have been added don’t pay well. Low-wage jobs have accounted for most of the employment growth even though they weren’t the majority of jobs lost during the recession, according to a new report from the National Employment Law Project (NELP).
Four years into the recovery, low-wage industries have accounted for 44 percent of job growth, but they only made up 22 percent of the losses during the recession. These jobs pay between $9.48 and $13.33 an hour – even that higher wage is only about $27,000 a year. At the same time, mid-wage industries saw 37 percent of the job losses but have only made up about a quarter of employment growth. High-wage industries accounted for 41 percent of the losses but have only seen 30 percent of the recovery’s gains. In all, low-wage industries employ 1.85 million more people than when the recession began, while the other two groups have lost nearly 2 million jobs.