Monday, April 1, 2013

Fastest-Growing Jobs Pay Under $10/Hour

This weekend, I had a discussion with a businessman, who sits on the board of a publicly traded staffing firm. He tells me that the middle class is disappearing. The country is being split into those savvy enough to survive in the overly regulated economy and everyone else.

CNN reports on the data that demonstrates this phenomena:

Some 58% of the jobs created during the recovery have been low-wage positions, according to a 2012 report by the National Employment Law Project. These low-wage jobs had a median hourly wage of $13.83 or less.

Employment & wages for largest U.S. occupations
OccupationU.S. employment 2012 annual mean wage
Retail salesperson4,340,000$25,310
Food prep worker2,943,810$18,720
Office clerk2,808,100$29,270
Registered nurse2,633,980$67,930
Customer service representative2,299,750$33,110
Secretary/administrative assistant2,085,680$33,560
Bottom line: The crony capitalists have built a moat around their businesses, eliminating the kind of competition that would hire high skilled labor. Obamacare, simply adds to the difficulties in hiring anything but very cheap labor. Outside of a tiny sliver of opportunity for software engineers and lawyers in Silicon Valley, you either launch something on your own or you will end up part a low paid tool for the crony machine.


  1. "We believe in the power and opportunity of America’s FREE-MARKET economy. We believe in the importance of sensible business regulations that promote confidence in our economy among consumers, entrepreneurs and businesses alike. We oppose interventionist policies that put the federal government in control of industry and allow it to pick winners and losers in the marketplace."

    (EMPHASIS added.)


  2. So "sensible business regulations" somehow are not interventionist policies?

    Politics is truly for retards.

  3. Remember when during the Reagan years Democrats would complain that all of the new jobs were at burger joints? Now that that has actually become reality, one doesn't hear much complaining from Democrats about this, now that their man is in da house.

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