Zera's Blog

A Citizen's View from Main Street

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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January 14, 2011 Posted by | Capitalism, Economics, Labor | , , , , , , , , , , , | Leave a comment

   

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