CNN reports on the data that demonstrates this phenomena:
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.
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
Occupation U.S. employment 2012 annual mean wage Retail salesperson 4,340,000 $25,310 Cashier 3,314,010 $20,370 Food prep worker 2,943,810 $18,720 Office clerk 2,808,100 $29,270 Registered nurse 2,633,980 $67,930 Waiter 2,332,020 $20,710 Customer service representative 2,299,750 $33,110 Laborer 2,143,940 $26,410 Janitor/cleaner 2,097,380 $24,850 Secretary/administrative assistant 2,085,680 $33,560
"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."
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See http://www.gop.com/our-party/.
So "sensible business regulations" somehow are not interventionist policies?
ReplyDeletePolitics is truly for retards.
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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