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What about the QUALITY of jobs?

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posted on Feb, 7 2012 @ 12:28 AM
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If we are to believe the government, there's lots of jobs being created. Well alrighty then. But what about the QUALITY of these new jobs?

A "Quality Assessment" Of US Jobs Reveals The Ugliest Picture Yet

In the fiscal year 2011 and 2012 (starting October 1) and continuing through the date of the most recent BLS update or January 31, there have been 87 official work days. This is the period which we will define as YTD (fiscal year to date period) for 2012, and will use its matched equivalent for 2011 for comparative purposes.
In the 2012 YTD period, the US Treasury recorded personal income withholding tax revenue of $592.676 billion (source)
In the comparable period for 2011, beginning October 1, 2010 and continuing through January 31, 2011, withholding taxes were $592.984 billion (source)
In other words, the US Treasury collected $310 million more in tax withholdings in the first 4 months of fiscal 2011 than in the first 4 months of fiscal 2012.

Presented visually - the black bar shows the cumulative divergence between the fiscal 2011 and 2012 data series. Below zero, such as that on January 31, is bad.

Based on establishment survey data, the US started fiscal year 2011 (Sept 30, 2010) with 129,885,000 employed (source)
Based on establishment survey data, the US started fiscal year 2012 (Sept 30, 2011) with 131,694,000 employed (source)
Based on establishment survey data, at January 31, 2011, the US had 130,456,000 employed (source)
Based on establishment survey data, at January 31, 2012, the US had 132,409,000 employed (source)
Said otherwise, in the first 4 months of fiscal 2011 the US "created" 571,000 jobs; in the first 4 months of 2012, the US "created" 715,000 jobs.
More importantly, between January 31, 2011 and January 31, 2012 the US added 1,953,000 jobs.

And yet...

Over the same period, as shown above tax withholdings are actually trending lower in 2012 compared to 2011!

But that's not the kicker. This is:

The 130.456MM workers "employed" at January 31, 2011 created a total of $592.985MM in withholdings, or on average of $4,545.48 per worker over the first 4 months of the fiscal year 2011.
The 132.409MM workers "employed" at January 31, 2012 created a total of $592.675MM in withholdings, or on average of $4,476.09 per worker over the first 4 months of the fiscal year 2012.

Translation: based on the above, even as America was "creating" jobs, 2 million to be precise (and 2.5 million between Sept 30, 2010 and January 31, 2012), the government tax revenues created by these jobs actually declined in 2012 compared to 2011, on a per job basis, by roughly 1.5%!


But eh, all is good! Trust the republicans and democrats! They wouldn't lie to you!

edit on 7-2-2012 by Vitchilo because: (no reason given)




posted on Feb, 7 2012 @ 12:40 AM
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Surveys are quantitative, not qualitative.



posted on Feb, 7 2012 @ 12:59 AM
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I don't get it.

The author uses BLS data (which he says is #) and survey data from the US Treasury to calculate a tax revenue decline by ~1,5% per job... why is this a big deal?



posted on Feb, 7 2012 @ 01:04 AM
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We all know the government lies.

Then when we find out they lie, we're shocked.



posted on Feb, 7 2012 @ 01:05 AM
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Originally posted by ColCurious
I don't get it.

The author uses BLS data (which he says is #) and survey data from the US Treasury to calculate a tax revenue decline by ~1,5% per job... why is this a big deal?


That's because MORE jobs were created and LESS taxes came in.

That means that the average salary is GOING DOWN...

Which means the quality (hours + pay) is going down the drain.



posted on Feb, 7 2012 @ 01:16 AM
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reply to post by Vitchilo
 

Okay I see, thanks.


I forgot you have different wage agreements in the US.



posted on Feb, 7 2012 @ 11:22 AM
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The government statisticians think that a McDonalds job is something that your family can survive on...it takes two to three of those menial jobs to be the equivalent of a good professional job with benefits, etc. Not only that the purchasing power of the dollar is much less as compared to 20-30 years ago meaning that the McDonalds job has even less value as an actual career. The government counts your two jobs as two employed people working, not one person holding two jobs. You cannot survive on a single McDonalds job. What will happen when it will get to the point that people will require four jobs per person to keep a living? This is called slavery.



posted on Feb, 7 2012 @ 12:08 PM
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reply to post by Vitchilo
 




That's because MORE jobs were created and LESS taxes came in.


That's part of it. I think this is also included:

More jobs were lost than reported.

Less jobs were created than were reported.

The numbers are so f'd up it's hard to tell what's real and not.. one thing the Gov can't lie about is revenue .. clearly there is a massive disconnect. And we do know for a fact the fastest growing markets are minimum wage markets.. *sigh* I hope this economy gets turned around soon..



posted on Feb, 7 2012 @ 12:53 PM
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Originally posted by Rockpuck
*sigh* I hope this economy gets turned around soon..


I am sure with ya there on that Rockpuck, I just wonder how were going to do
that when we produce less every year. Every time I look factories closing
were not manufactruring...hows it going to happen.



posted on Feb, 7 2012 @ 03:45 PM
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Summation: There were jobs that were created, but many of those jobs were of low wages and probably were jobs that place people in poverty or, at the very least, the working poor.



posted on Feb, 7 2012 @ 10:38 PM
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Just a very, very, small taster of what Ron Paul would bring to America.

Ron Paul does not like protectionism, regulations or financial borders. Cue increased illegal immigration and a reversal of the competition with China. They'll have the higher paying jobs and the US will have the lower paying ones. They're banking on this. But look on the bright side, even though the full terror that the capitalist system is capable of will be released, there'll be no shortage of jobs!

Please don't kid yourself for a minute that the Ayn Rand philosophy was concerned with the welfare of the workers. That's socialism and something Ron Paul is the opposite of. If you want a perfect counter argument to Paul and the economic trends mentioned in the OP, google The Jungle.

Otherwise sit back and drink the libertarian conspiratoid kool-aid.



edit on 2012/2/7 by SteveR because: -



posted on Feb, 7 2012 @ 11:02 PM
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So what is an individual to do? How about re-invent yourself. The local community college here in Nc offers free and subsidized classes in the name of "economic developwent" to help the local economy.

They teach IT and Net skills, web page developement, carpentry, electrical skills...and another tech scool mechanics, auto body, etc.

To go beyond 7.75 an hour at Mickey Ds you have to have a skill or ability. Most of the people I know working there refuse to develope new and needed skills. I have part timers working for me that could move up and almost double their pay, but refuse to even learn how to use a computer... so they remain part-timers running floor buffers and unloading livestock feed.

I have young and older people that are really skilled but refuse to get certification so they can advance... not can't be certified...We would pay for it. BUT will not be certified... do not want the hassle of a night course or learning a new skill to get credentials... so they keep getting 20 hours a week and whine about not being able to get a job like they had 15 years ago.

I also have family that were drifting in life, not advancing...that did go to night school and did take the free courses and they now manage a resturant, a bed and breakfast, one is producing his own music and music label and just had his second paying gig...his album is also in it's second issue and is highly rated on the internet. Still another just finished at a mechanical tech school with honors and is being offered jobs from Kenworth, Boeing, General Electric... and if hired, they will reimburse his education.

Me... I had a degree in Art...yeah, good luck with that. Went into retail, learned business and management, night school..and even in this economy, picked up a good management postion and will have been there 2 years this month.

Self education, motivation, adaptation.... it is hard. Of course, you could stay at Micky Ds or Wallymart and blame someone else.



posted on Feb, 7 2012 @ 11:16 PM
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Originally posted by AlreadyGone
To go beyond 7.75 an hour at Mickey Ds you have to have a skill or ability.


I'm highly skeptical of this line of thinking. It seems rather naive. You know, Canada has the most PhD taxi drivers in the world. There is a reason for that.



posted on Feb, 8 2012 @ 01:12 AM
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Most companies are not hiring full time these days. They would rather hire several part time employees, that way they don't have to pay benefits. These part timers get fewer hours, with no guarantees that they will get any hours at all.



posted on Feb, 8 2012 @ 08:06 AM
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Originally posted by The Cusp
Most companies are not hiring full time these days. They would rather hire several part time employees, that way they don't have to pay benefits. These part timers get fewer hours, with no guarantees that they will get any hours at all.
Very correct. Also what I see happening is many jobs that are advertised as regular jobs are actually more of a subcontractor position. We have unemployment here in our household and the positions available require that you provide your own workers comp & general liability. By hiring subcontractors the company does keep their costs down and the burden of the required coverages are assumed by the workers.



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