Is it good that Fast Food Joynts are Hiring Adults???

Discussion in 'Economy' started by GHook93, Mar 14, 2012.

  1. GHook93
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    GHook93 Aristotle

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    The fastest growing employer of adults are at fast food joynts! 1 in 10 American workers work in these low wage jobs. This is bad. I think about it anytime I take the kids to McDonalds. You used to see them backed with latinos fresh off the boat (or glup illegals) or highschool kids. You go into any fast food place and there are no highschoolers. There still are many latinos, but they are not you fresh off the boat latinos. These are clean cut Latinos who speak great English (and Spanish) and in their 30s and 40s. No illegals anymore. Then there are a ton of white 20 yrs college graduates. You are also seeing many white middle age men and women. The fast food industry is getting filled with college educated men and women of all races and skilled workers not able to find a job in their craft. It's getting scary.

    These are not the jobs the fuel a recovery!

    The Rise of Waiters and the Fall of the Middle Class - Business - GOOD
     
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  2. iamwhatiseem
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    iamwhatiseem Gold Member

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    As I keep saying here...underemployment is becoming more of a problem than unemployment.
     
  3. GHook93
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    GHook93 Aristotle

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    The continued outsourcing of our manufacturing sector is cause.
     
  4. Mr Clean
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    Mr Clean Gold Member

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    Probably not so good for the former engineer who's now flipping burgers at Wendy's.
     
  5. zzzz
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    zzzz Just a regular American

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    But....but the unemployment rate goes down when they work and to the politico's that is the important thing. Its not what kind of job you have or how much pay you get or even if you are just a temp worker, the politicos play to media for good press not results.
     
  6. uscitizen
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    uscitizen Senior Member

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    This has been a growing trend for the last decade.
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    A little longer than that actually....dammit...I can't find it....I saw a graph a couple years ago that showed average wages with those making...I think it was 200,000 or more removed. It showed that from 1994 to 2004 average wages had increased about 4% including everyone. But it is -2.5% after removing those above 200,000. Obviously this shows a clear pattern.
    Also consider, that 80% of Americans only own 20% of the wealth. The lowest percentage since the depression.
     
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  8. uscitizen
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    uscitizen Senior Member

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    We must lower our standard of living to compete with Mexico, China, India, etc.
    It is the inevitable result of globalization.

    which lowers retail sales figures, slows and or stagnates economic growth.
    And also lowers income tax receipts and increases the debt.
     
    Last edited: Mar 14, 2012
  9. Mr Clean
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    Mr Clean Gold Member

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    The answer to lower tax revenues is to cut taxes, of course.
     
  10. iamwhatiseem
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    iamwhatiseem Gold Member

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    Indeed.
    The few folks here who know who I am outside of this forum know I am telling the truth here. I run a multi-$million B2B business. I deal with business owners from all sizes. I supply Starbucks as well as larger local companies...I make materials for Toyota as well as the hospital down the street. Point is I deal with companies from all kinds of industries.
    I don't give a sh*t what the media tells you or what you see on WallStreet, industries all over are choking. We are all on the race to zero...we are in a business environment of inches. Companies everywhere are still cutting cost.
    The business who wins is the guy who has the lowest overhead and debt. Capital spending and investment is still pathetic compared to pre-recession. Companies are getting rid of pensions, cutting benefits, cutting hours and freezing wages. All of these things don't show up in the monthly unemployment figure.
    Reduced benefits and lowering wages was hidden in the fairy-tale land of the 90's and 2000's where 67% of the economy was based on consumer debt spending....that train has passed.
    We are just beginning to face reality. Underemployment is going to be a very, very big problem.
    We are looking at a permanent reduction of our standard of living.
     
    Last edited: Mar 14, 2012

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