A tale of two job markets
Submitted by gjohnsit on Fri, 08/03/2018 - 1:49pm
The US manufacturing job market hasn't been this strong in over 20 years, goes the Business Insider headline from today.
Plus, the picture of Trump in a hardhat.
What has actually happened is a continuation of shitty job creation, rather than the "strong job market" that the news media keeps telling us.
Despite the 2.7% nominal increase in average hourly earnings, the 2.9% increase in inflation means that real wages declined by 0.2%, which was the biggest monthly drop in average hourly earning going back to 2012.
Comments
Trumpy Boy has never worked a day in his life.
Meanwhile, people like my wife and I are constantly judged by society because no employers will pay people with disabilities a decent wage, let alone hire them. Pigs.
Modern education is little more than toeing the line for the capitalist pigs.
Guerrilla Liberalism won't liberate the US or the world from the iron fist of capital.
Amazon turns healthy people into people with
disabilities and then dumps them. Mercy isn’t part of capitalism.
"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"
Yup. And most products we buy go through them at some point.
It'd be nice if anti-trust laws were enforced.
Modern education is little more than toeing the line for the capitalist pigs.
Guerrilla Liberalism won't liberate the US or the world from the iron fist of capital.
Boy howdy! Would it ever! Sometimes I think I just dreamed
the Sherman Anti-Trust Act. If it really exists, how could we have all these mergers?
"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"
In that first graph, . . .
. . . the one showing job increases, what's the purple band? The blue and red bands (low- and high-wage jobs, respectively) are dropping noticeably since early 2018, but the purple band is growing all the more to keep the overall top line rising. So what's the purple? Self-employed? Jobs with no pay? (And are those the same thing?) Is it job seekers, many of whom might be entering or re-entering the market and would not show up as those on unemployment who'd lost jobs in recent weeks? The graph says it's job increases, not unemployed (which we're told is not changing much, nowhere near the way that purple band is).
Inquiring minds. . . .
Another look
I don't know which group to laugh at harder...
The group of maggots claiming this is proof that Trump's policies work,
Or the group that claims that this good news is thanks to Obama.
Hell with it, play some loud and abusive tunes and remember when this was just a nightmare dystopia.
[video:https://www.youtube.com/watch?v=9OV6X8omXVU]
I do not pretend I know what I do not know.