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Regained 4/5s of the lost jobs. Lets put this in perspective shall we? Because all jobs are not equal. When FULL TIME jobs were lost in 2008, to be replaced by part time, near minimum wage jobs now, the jobs were not regained on a 1:1 ratio wrt people who found their way back into employment.
This is because people who worked a full time job in 2008, are now in many cases having to work 2 or 3 part time jobs, just to get by. 180,000 new jobs, does NOT mean 180,000 people who didn't have jobs, now have jobs. With many working 2-3 jobs a piece, the number of people who returned to work, could be approaching half that figure. And that isn't even addressing some of the deeper issues such as what their spending power is now, vs before, against the general shift in wages and/or benefits, nor does it address the actual working situation people are in, having to pull double or triple shifts, on multiple jobs, just to begin to approximate the quality of life they had before (to a lesser extent). It also doesn't touch on inflation, for which the CPI leaves some sources of inflation out of the equation (most notably food prices)... There's a lot the article leaves out, while trying to make everything look so much improved and better in the here and now.
This is a worthless article.
Recall our government, as well as their pay and benefits.
Concerning Job Creation, before the financial Crisis the Service Sector was the biggest boom area. And that's still the case after. Now however, China plays an even bigger factor. Corporations in America are using that Leverage to reduce workers pay here while at the same time demanding far more production. That's the big difference some folks refuse to talk about. How many folks have been asked to take less pay while Corporations are setting yearly Record Profits and Cash Hoards. Top Brass get's far more, you get far less. Now that's the real problem.
Companies have been outsourcing American jobs abroad. To truly put that in perspective, they are now saying take what will we give you and DARE you to question anything. And guess what, most don't have the stones to question the New World Order and wise up to do something about it.
Too bad the majority of you reading this don't have a clue to what I'm talking about.
Fact is, Yahoo is benefiting from the past sale of assets and the potential windfall of future sales of the same asset. Which by the way, was there long before you got there. Some folks continually pump up the Barking Dogs that most companies wouldn't even notice if they never came back to work.
Another example of journalism gone bad...engineers making what - 23 bucks a hour?
Hey kids, can MSN as a reputable news source. Engineers are making between 25-75 a hour depending on experience (meaning tine in profession and not those stupid master degree programs the academic trolls sucked you into).
Get your engineering degree, can the MBA and Masters crap, get 8-10 years of practical experience and you will make the money much higher than the figures quoted in this article.
MSN - is this the best you can do in your profession?
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[BRIEFING.COM] The stock market ended the Wednesday session on a mixed note. The tech-heavy Nasdaq displayed relative strength, climbing 0.4%, while the S&P 500 added 0.2% with five sectors settling in the green. For its part, the Dow Jones Industrial Average (-0.2%) spent the entire session below its flat line.
Equities started the midweek affair on a rather unassuming note in the absence of market-moving news or economic releases. With those pieces missing from the equation, ... More
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