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View Diary: In case you didn't know this from personal experience, lower-wage jobs have replaced the lost ones (57 comments)

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  •  even this analysis assumes that the character (3+ / 0-)
    Recommended by:
    maryabein, lotlizard, NearlyNormal

    of jobs within these categories has held up.

    So, how do we take into account stuff like what's apparently been happening in the port-trucking industry, where W2-status union truckers are being replaced by "independent contractors" who earn half or less of what union truckers earned.

    "Recovery" is simply the wrong word to describe what has happened over the last 5 years.

    To put the torture behind us is, inevitably, to put it in front of us.

    by UntimelyRippd on Thu May 01, 2014 at 12:39:24 PM PDT

    •  Yes. This is more difficult information... (2+ / 0-)
      Recommended by:
      YucatanMan, akeitz

      ...to get a handle on. Engineers and many other highly skilled people who lost jobs have found new work, but even though it is similar or identical to what they were doing before, they often make less at it, and get less in benefits, too.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Thu May 01, 2014 at 01:18:28 PM PDT

      [ Parent ]

      •  Even for people who have not lost their jobs (3+ / 0-)
        Recommended by:
        Meteor Blades, akeitz, nchristine

        through the recession and supposed "recovery," benefits in particular have been slashed as businesses claim they need to remain competitive, while sitting on record profits and record amounts of cash on their books.

        This "increase in productivity" also slows the economy by taking money out of workers' pockets.  For every extra dollar I must spend on medicine, I have a dollar less to spend in a restaurant or grocery store or clothing store or for heat.

        Each of these "increases in productivity" done through wage and benefit cuts have actually slowed the economy.

        The measure of recovery should be median per capita wage and median household income, rather than stock prices, GDP, "employment" figures and all else. We aren't measuring the right things. That and a faulty model leave us in growing real recession.  

        Consumption will fall as long as workers are under assault from decreased benefits and pay which doesn't keep pace with inflation. Falling consumption is a further drag on the economy. Yet markets show great gains.

        Is it any wonder that people are angry about the constant focus on Wall Street and lack of focus on real income and Main Street?

        "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

        by YucatanMan on Thu May 01, 2014 at 01:30:44 PM PDT

        [ Parent ]

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