Showing posts with label wages. Show all posts
Showing posts with label wages. Show all posts

Sunday, April 4, 2010

What Jobs?


Politicians are saying that there are now more jobs in america... Well, many of these new jobs there were created last month were temporary positions to work in the US census. lets face it in March 2010 long term unemployment surges. It hit a record of 6.5 million people without work for years. Sadly, for those still working there has been a drop in average wages. I predict that the number of long tern unemployed will continue to rise. This is not good jobs news.

Thursday, December 3, 2009

What recovery?

Globe on top of a variety of different currency notes and coins, representing foreign exchange (similar to another image but the sharpest focus is on the currency) photo

Figures are in. Employee are getting lower wages. Macy's said Thursday its same-store sales fell worst-than-expected 6.1% from last year. Let me see, last year we were in free fall and in a recession. Debunkers say "Listen, you're crazy, everything is fine." Do the math. People are losing jobs, those who still have jobs are getting less hours, and many are forced to take cuts in wages.