58% of Obama's New Jobs are Low Paying ...

[Kyle Ricky]

[snip]

58% of Obama's New Jobs are Low Paying

9/3/12

Americans are losing their productive capacity due to higher taxes and more regulations. As a result, the jobs we have are far lower paying than ever before.

Hat tip to The Economic Collapse Blog for the information here.

The numbers compiled by the National Employment Law Project are absolutely stunning.  Most of the jobs lost during the recent recession were mid-wage jobs, and most of the jobs created since then have been low wage jobs.  This represents a fundamental shift in our economy.

21 percent of the jobs lost during the last recession were low wage jobs paying between $7.69 and $13.83 an hour.

58 percent of the jobs created since the end of the recession have been low wage jobs paying between $7.69 and $13.83 an hour.

60 percent of the jobs lost during the last recession were mid-wage jobs paying between $13.84 and $21.13 an hour.

22 percent of the jobs created since the end of the recession have been mid-wage jobs paying between $13.84 and $21.13 an hour.

Welcome to the new U.S. economy.

It really stinks for workers.

[/snip]

Read more at http://www.reagancoalition.com/articles/2012/20120903012-obama-economy.html#09rpPJC6u22iCHEC.99

That is his plan. The lowest paying jobs so you will be more dependent on the government - Typical strategy for a socialist dictator.

[thundley4]

I would also like an explanation of how so many people have left the work force, yet Obama claims to be creating so many jobs but the unemployment number stays almost exactly the same for 3 years plus, 8.3 % or so. 

Has the administration decided that 8.xx% unemployment is the new norm and they should fudge the numbers to maintain that number?

[Kyle Ricky]

8.3% won't be the norm when Romney is elected.

8.3% is also the fudged number. The real unemployment rate is 15%+ when you include the people who's UC ran out and/or quit looking.

[thundley4]

8.3% won't be the norm when Romney is elected.

8.3% is also the fudged number. The real unemployment rate is 15%+ when you include the people who's UC ran out and/or quit looking.

That's why I said that they must consider 8.xx % to be the new norm, because they keep fudging the numbers to keep it there. 

[Kyle Ricky]

That's why I said that they must consider 8.xx % to be the new norm, because they keep fudging the numbers to keep it there. 

That is true.

[docstew]

That's why I said that they must consider 8.xx % to be the new norm, because they keep fudging the numbers to keep it there. 

They have to, since they know for a fact that if they reported double digit unemployment, BO might as well drop out of the race and let Joe run in his place to take the drubbing.

[NHSparky]

Well that would also go a long way to explaining the decrease in family incomes over the past four years.