Invest Intelligence When It Realy Matters

America's Eroding Job Quality

Labor Market
Posted on 12 Oct 2013

Taken from September 2012 Vol 40, Intelligent Investor

The U.S workforce is significantly older and better educated than in it was during the 1970s. Because older, more-educated workers tend to earn more and receive better benefits than younger, less-educated workers, we would expect to see workers with a higher share of “good jobs.” But this has not been the case.

In this discussion, the bar for what constitutes a “good job” has been set quite low. A “good job” has been defined as one that pays at least $37,000 annually and has both employer-sponsored healthcare and retirement benefits.
According to the data, the share of the labor force that had a good job declined from 27.4% in 1979 to 24.6% in 2010. But how much of this decline has been due to the economic crisis? 

See Also:

Free Trade And The Suicide Of A Superpower (Part 1)

Free Trade And The Jewish Mafia

Ford As A Crystal Ball For America

Ford: Playing Its Last Hand?

GM Lines Up for Its Take

Washington's War Against America's Middle Class

Video: Educating A Libertarian Hack From Harvard

7 Myths About US-China Trade and Investment 

The Scam Called Globalization

The Dirty Secret about Hedonics & Globalization

Thailand, Globalization and Real Estate Economics

America. What Went Wrong? (Part 1)

America. What Went Wrong? (Part 2)

America's Second Great Depression

America's Eroding Job Quality

The Death of Labor Unions in America

 Death of America

Prior to 2007, the share of the labor force that had a good job was still only 25.0%. In conclusion, since 1979, the U.S. economy has lost between 28% and 38% of its capacity to generate good jobs. 
The most common response from critics of this trend is that workers’ skills and education have not kept pace with technological changes demanded by the workplace; the so-called structural unemployment argument. However, if this were true, we would see a higher share of workers holding advanced degrees with good jobs today.
Instead, at every age level, workers with a four-year college degree or more are less likely to have...

Copyrights © 2024 All Rights Reserved AVA investment analytics