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

[GHook93]

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

 

[iamwhatiseem]

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

 

[GHook93]

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

The continued outsourcing of our manufacturing sector is cause.

 

[Mr Natural]

Probably not so good for the former engineer who's now flipping burgers at Wendy's.

 

[zzzz]

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.

 

[uscitizen]

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

This has been a growing trend for the last decade.

 

[iamwhatiseem]

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

This has been a growing trend for the last decade.

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.

 

[uscitizen]

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.

 

[Mr Natural]

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

And also lowers income tax receipts and increases the debt.

The answer to lower tax revenues is to cut taxes, of course.

 

[iamwhatiseem]

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.

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.

 

[AquaAthena]

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

If it is good for the business, then it is good for the consumer. Most employers find the mature employee, (often experienced in the work ethic ) to have a good work attitude and history of reliability that is conducive to good customer service. The idea is to hire the best person for the job and the business goals.

 

[GHook93]

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.

Not the answer either.
(1) We need to get rid of payroll, corp, income and capital gains tax and replace it with the fair tax (if that is too much go 999).
(2) Start scraping and redoing regulations. Go back to the days laws were 10-20 pages. (3) Cut $2 trillion from the budget. Start with the chambers that Ron Paul stated he wanted to cut. Cut 5% from the defense budget. Reform SS.
(4) Reform healthcare away from employer based plans and go to the Kerry plan.
(5) Reform SS to the Chilean model.
(6) Make Public (Federal and State) pension plans illegal.
(7) Make college education free! Don't make it public the way highschool and grammar school, just pay for it.
(8) Start a subsidizing of important industry, steel, auto parts, rare earth metals, manufactured products etc. Subsidizing of plant and factory building in America. Subsidize farm worker salaries, so they pay enough for Americans (not illegals) to work them, but don't cause inflation.
(9) Allow us to drill now and drill everyone and PUNISH our oil companies with a 25% export tax (we export 50% of our oil), but still push and subsidize electric cars.
(10) Be TOUGH on illegal immigration. Start with the employers and secure the border.

Just a start!

 

[iamwhatiseem]

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.

Not the answer either.
(1) We need to get rid of payroll, corp, income and capital gains tax and replace it with the fair tax (if that is too much go 999).
(2) Start scraping and redoing regulations. Go back to the days laws were 10-20 pages. (3) Cut $2 trillion from the budget. Start with the chambers that Ron Paul stated he wanted to cut. Cut 5% from the defense budget. Reform SS.
(4) Reform healthcare away from employer based plans and go to the Kerry plan.
(5) Reform SS to the Chilean model.
(6) Make Public (Federal and State) pension plans illegal.
(7) Make college education free! Don't make it public the way highschool and grammar school, just pay for it.
(8) Start a subsidizing of important industry, steel, auto parts, rare earth metals, manufactured products etc. Subsidizing of plant and factory building in America. Subsidize farm worker salaries, so they pay enough for Americans (not illegals) to work them, but don't cause inflation.
(9) Allow us to drill now and drill everyone and PUNISH our oil companies with a 25% export tax (we export 50% of our oil), but still push and subsidize electric cars.
(10) Be TOUGH on illegal immigration. Start with the employers and secure the border.

Just a start!

Sounds very much like European capitalism/socialism. It didn't work for them, and our country is 10 times larger. Won't work for us either.
You know what we need?
1) Consumers to start caring where things are made, and make that a part of their consumer choices.
2) Consumers stop choosing a product based solely on price alone - ever hear of the phrase "the high cost of low prices"? - look it up.
3) The government needs to stop getting into private industry and creating false demand. This upsets the normal balance of things. They ruined the mortgage market, have driven up the cost of education to outrages levels - and are a BIG reason why healthcare cost so much.
4) The SEC needs to be given control back of the futures and derivative markets. Larry Summers (Obama's Chief Financial Adviser!!) together with Greenspan, President Clinton and Newt Gingrich along with a few other Republicans - wrote into a law that made the entire derivative markets untouchable by the SEC. --- look it up - it happened.
5) The Markets need to be completely reorganized in such a way to remove corruption and make it illegal for companies like Goldman Sachs to build up stock prices artificially -- sell their own shares while their advisers are telling their clients to buy.
6) The government should never-ever-ever bail out WallStreet again.
7) As a nation realize that there is something very wrong with the fact that the nations largest employer is a retail outlet chain known only as selling products as cheap as they can.