August 21, 2013

ARE THERE REALLY STILL PEOPLE WHO ARE MYSTIFIED...::

How Corporate America Used the Great Recession to Turn Good Jobs Into Bad Ones : Abracadabra! You're a part-timer. (Barbara Garson, Aug. 20, 2013, Mother Jones)

Watch closely: I'm about to demystify the sleight-of-hand by which good jobs were transformed into bad jobs, full-time workers with benefits into freelancers with nothing, during the dark days of the Great Recession.

First, be aware of what a weird economic downturn and recovery this has been. From the end of an "average" American recession, it ordinarily takes slightly less than a year to reach or surpass the previous employment peak. But in June 2013--four full years after the official end of the Great Recession--we had recovered only 6.6 million jobs, or just three-quarters of the 8.7 million jobs we lost.

Here's the truly mysterious aspect of this "recovery": 21% of the jobs lost during the Great Recession were low wage, meaning they paid $13.83 an hour or less. But 58% of the jobs regained fall into that category. A common explanation for that startling statistic is that the bad jobs are coming back first and the good jobs will follow.

But let me suggest another explanation: the good jobs are here among us right now--it's just their wages, their benefits, and the long-term security that have vanished.


...by the fact that, in an era of high technology and globalization, labor doesn't have much value?

Of course, the most important takeaway from all this is that no one actually believes work has any value in itself, we only care about getting paid.



Posted by at August 21, 2013 11:42 AM
  

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