Friday, November 1, 2013

David Stockman: "The Born-Again Jobs Scam"

 In fact, 120,000 or 62 percent of the June payroll gain consisted of part-time jobs in restaurants, bars, hotels, retail and temp agencies. The average pay check in this segment amounts to barely $20,000 per year, which is a sub-poverty level income for a family of four, and compares to upwards of $50,000 per year for goods producing jobs in the BLS survey.


http://www.zerohedge.com/news/2013-07-11/david-stockman-born-again-jobs-scam

See also

Elliott's Singer On America's "Insidious And Life-Draining" Dependency Culture

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