Home Forums Hunting & Shooting Hunter's Campfire The new era of jobs in the job market

"In 1990, the jobs were pretty much evenly divided" said Daniel Alpert, a founder of Westwood Capital and one of the creators of the index. In the process of running the numbers, he said, "We discovered that 63% of all jobs that were created since 1990 were low-wage, low-hour jobs. That was a pretty stunning statistic."

To calculate the index's value, the researchers split up the jobs created every month into those that pay above average and those that pay below average, and then divide one figure into the other. An index value below 100 means there are more lower-paying jobs relative to higher-paying jobs; a value above 100 means the opposite.

This month, the index is just over 80, meaning there are 80 high-paying jobs for every 100 low-paying jobs. That's a stark drop from 1990, when there were 94 high-paying jobs for every 100 low-paying jobs.

"There aren't enough 'good jobs' to go around," the Brookings Institution proclaimed earlier this month, when it released a report that found 44% of all workers are low-wage workers. These workers make a median pay of just $18,000 a year.

https://www.cbsnews.com/news/american-jobs-are-getting-worse-according-to-a-new-economic-measure/

Now, how do we solve that problem?

Geno

PS, If I knew, I'd be rich...................or "Epsteined".

That was the plan. Now immigrants from developing countries need to be imported to fulfill the job market needs. Another strategy is to use environmental issues in order to ship manufacturing jobs to where wages are the lowest and environmental policies are lax.

That is what the Dumbocrats want, most of us doing menial work for a few rich people, like in China.

Bingo

And eventually those corporations would just love to do away with countries, laws, regulations, and politics altogether. Just corporations, merging and merging and merging and getting more and more control.

Geno

The idea behind the Matrix trilogy with the machines being the corporations?

If that is so, how is it that our standard of living keeps increasing? Homes keep getting larger, cars keep getting nicer, etc.

Globalization ..... it's good for stocks, not so much for American workers.

It sure hasn't for everybody, which is why there are 5-10 used car dealerships for every new. Don't know how it is everywhere but about a third of the homes on the back roads around here are mobile homes.

You're telling me that the average home size where you live is not larger than in 1990?

I don't think it is no. Of course there are a few folks who make good money and build nice big houses but for every one of those 5 mobile homes have been set up so that would bring the average back down. Also, the average car on the road in America today is 11 years old.

You must live in a slum.

Debt and money printing seem to be helping. Stay tuned for how that plays out.

I live in one of the least populated counties in upstate NY. No slums out here. Those are in the cities.

https://www.darrinqualman.com/house-size/

This guy says that the average U.S. home size has grown from about 2000 suare feet in 1990 to about 2600 sf today. Seems about right looking at my community.

Where do you live, city, suburb, within commuting distance of a city or out in the boondocks ? It makes a big difference as far as income is concerned. As of 2018 the median income for males in my County was 36k per year and the median household income was 47k.

Out in the boonies of it matters.

So you have alot of good paying jobs out there in the Tennesee boonies ? The cost of living and taxes really low ?

No special job opportunities I am aware of. The cost of living and taxes are reasonable.