Well, this is good news!! A major American firm hired 50,000 new workers yesterday. 50,000 new workers hired in just one day by just one American company. Watch those unemployment figures go down next month, right?
The company that hired those new workers? McDonalds. Yes, a fast food restaurant is at the forefront of lowering unemployment. Welcome to the new America. Got a degree in accounting? Need a job? Unemployment benefits running out? Gotcha'! The class war just won another battle! Woo-hoo!
It isn't funny. Annie Lowry at Slate writes:
The [National Employment Law Project] says that just 14 percent of recent job growth comes from high-wage industries. About half comes from low-wage industries. According to NELP's report, restaurants and food services businesses, "especially" fast food outlets, comprised 7 percent of hiring. And most gigs, NELP found, came "from rapid hiring by the temp industry," meaning the positions that often come without benefits, health care, or much income security.
She continues:
The country has produced far too few good, stable, middle-income jobs over the past 10 or 20 years, not just the past three.
Why?
--Trakker
too few good, stable, middle-income jobs
Mike Rowe celebrates dirty jobs 20:03 TED talk on youtube.
h/t to a slashdot comment, http://science.slashdot.org/story/11/04/17/1935209/How-the-Social-Tech-Bubble-Is-Different
Posted by: horsec | April 22, 2011 at 06:33 PM
'The best minds of my generation are thinking about how to make people click ads,' he says. 'That sucks.'
Priceless!
Posted by: Trakker | April 22, 2011 at 08:52 PM