Low Paying Jobs

May/12/2016 6:15AM
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President Obama will be saying he added jobs every quarter since he took office. This may be true but there is a matter of job quality. If I’m working in the oil fields, God forbid,  and making $50 an hour with lot’s of overtime, that’s one job. If I get laid off from that and I’m now flipping burgers for $10 and hour, that’s a different job.  Here’s the reality.

https://t.co/nWEBDTNDvg

The breakdown: of the 242K jobs created in February, 189K were of the minimum-wage variety, in:

  • Education and Health (+86K)
  • Retail Trade (+55K)
  • Leisure and Hospitality (+48K) .

In other words, a whopping 82% of jobs “created” in February were minimum wage, teachers, retail trade, waiters, bartenders and chambermaids.

What about well-paying jobs like finance, trucking, manufacturing or mining? +6K(finance), -5K(trucking), -16K(manufacturing), and -18K(mining), for a net loss of 33k(well-paying) jobs.

Perhaps the bigger surprise is how wage growth wasn’t far worse.

This is the way it’s been since Obama took office. If you want to know why there is so much unrest in this country, here it is in a nutshell. And, the solution, raise the minimum wage so low-paying jobs get more pay. Not create more high-paying jobs.

You don’t need to be a genius to see where this all ends up. Fewer and fewer people making enough money to pay for the goods and services the higher number of low paying jobs require. Boom, collapse. Puerto Rico is the best current example.  Now people are leaving like they did when Detroit hit bottom. But, young people still buy the idea that there is enough money to go around if you just take it from the rich. Plus, it’s the American way to keep open borders so more and more needy can roll in and add to the problem.

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Comment (1)

  1. Bill Robertson says:

    Go to the search for box on the right(above) and type in energizer. The mainstream media just released this story that this blog published 8/8/14. They are even using the same picture. Does NSB have better reporters or have the media been sitting on the story?

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