It’s an Obama world.
Of 953,000 Jobs Created In 2013, 77% , Or 731,000 Were Part-Time
(Zero Hedge)
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.
Via Politomix:
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.
