60% Of New Jobs In 2010 Were In Low-Paying Industries
In measuring the job market, conservatives only count noses and ignore actual purchasing power. Perhaps they consider all income to be disposable. This deflation of wages, on a large scale, represents a real reduction in economic potential – and future growth.
Corporate America considers it cost savings, while I consider it a contraction in the economy that undermines the recovery.
Main Street is not an endless source of wealth. A consumer economy is only as sustainable as the flow of money to consumers. The more those wages are cut off, the more the economy starves.
Read the Article at HuffingtonPost
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