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  • Why No Wage Growth: Multiple Jobholders Surge To Highest Since August 2008

    From zerohedge.com

    As we noted earlier, while the headline payrolls print blew away consensus estimate, printing above the highest expectations, there was a rather unpleasant number in the data: nominal average hourly wages actually dipped by 1 cent to $25.24. What caused this? There are three reasons. First: the continued surge of minimum wage jobs, as seen in the chart below, which shows that in December another 36,900 minimum wage waiters and bartenders were added to the labor force, bringing the total to a new record high of 11.3 million. Putting this in context, here is a chart showing the relative addition of waiter, bartender ... (full story)

why thats cause they all licking finger good - or is it finger licking good workers, or similar new jobs for the white collar sorry there aint any try fast food and cleaning we got plenty - but i got a degree in chemistry and a major in bio - cool so you know how to pic u a mop then or if u like go and shake some fries baby as this year we is all goin down ya hear me i says down .. hang on its gonna be a shaker
I believe the zerohedge comment section refers to these positions as "Obamajobs"
Twitter: @TrendersGame
After the recession where a lot of people got redundant, people would rather be working than unemployed, even at lower wages. Isn't that obvious?
Automation and AI is rapidly eliminating a lot of professional jobs. The world is imperfect and unstable and evolving. Deal with it... instead of hiding out in Eastern Europe and peddling absurd conspiracy theories to swindle the "sheeple" you pretend to defend.
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