Low-wage job growth seen as hurdle to recovery

[NNN0LHI]

http://chicagobreakingbusiness.com/2011/01/low-wage-job-growth-seen-as-hurdle-to-recovery.html

By CNN
Posted today at 7:30 a.m.

There are two problems with the jobs recovery: Employers haven’t added enough jobs. And those they have added aren’t particularly good ones.

The former problem has gotten a lot of attention, with many economists and politicians talking about job growth averaging less than 100,000 a month last year, not enough to keep up with population growth or make a significant dent in unemployment.

But experts say the low-wage jobs that have been added are also a serious problem — putting downward pressure on wages and keeping consumer spending in check.

[Hello_Kitty]

1. Ya think? eom

[DJ13]

2. Now they worry?

Low wage jobs have been the fastest growing job market for 10+ years.

For every 10 good paying manufacturing jobs shipped to China we have added 8 low wage jobs since at least 2001.

Our government needs to stop seeing jobs in raw numbers and start seeing jobs as the income tax base needed to keep their sorry asses employed.

The lower the wages the less revenue for the government.

[Curmudgeoness]

3. Remember, we don't want manufacturing jobs, those are for peons.

We will move toward a service job society. Duh, how did that ever make sense?

You would think that the government would be wanting good paying jobs. Good wages equal more taxes paid. So why are they content with lowering wages?

[TheKentuckian]

4. Way up on my "Duh" list.

Everyone lost their job or saw the cutbacks and forgot this structural issue that was sinking us before the crashout.

We can't do what we are doing. It won't work. This is part of the big effort on Social Security, they know the program is designed with income growth in the calculation. The past generations stagnation isn't in the plan nor is the intended wage destruction and increased unemployment.

[Capitalocracy]

5. Living wage now!

Unless someone has a better idea.