The Good And The Bad News For The Future Of America's Jobs

Geaux4it

Intensity Factor 4-Fold
Joined
May 31, 2009
Messages
22,874
Reaction score
4,284
Points
290
Location
Tennessee
Meanwhile, them greedy ole rich folk Obama said were soooo mean, are getting richer.

Rest of us, not so much

-Geaux


Submitted by Tyler Durden on 01/10/2014 20:39 -0500

As we reported earlier (and have been for the past three years), there is a reason why the media prefers not to talk about the quality aspect of US job gains, and instead focuses on the seasonally adjusted quantity: there simply is no "quality."

Take today for example, when we learned that more than half of the 74K jobs gained in the month of December were temp jobs (which mysteriously were not affected by the weather: only the high paying ones somehow got crushed by snow in December), and when adding the lowest paying retail and wholesale trade jobs, one got nearly 50% more than all the job gains for the past month.

Perhaps the only good news in today's job report is that it is now in the past, because absent from some inexplicably respected so-called pundits doing the most idiotic thing imaginable, and saying to just ignore this report, there was absolutely nothing good one could say about the lowest monthly job gain since January 2011 (driven by temp and retail workers) at least until it is revised several times over the next 3 years when we ultimately learn that today's noisy jobs print was really a gain of 500K jobs. Of course by then, there will be far bigger problem to deal with.

However, while December in the past, the future still remains. And it is here that we have some good and bad news. According to the just released Occupation Outlook Quarterly (OOQ) looking at the period from 2012 to 2022 released by the BLS, in the future the US will be in a significant need of jobs, which is good for all those worried that the economy is grinding to a halt, or those demoralized from not having a job for months on end and unsure if this will ever change.

That's the good news.

The bad news is that as in the case of today, the vast majority of future jobs will pay absolutely miserable salaries.

The chart below shows what we are talking about: it lays out the job categories for the 20 occupations with with the highest projected numeric change in employment. Alas, of the Top 10 highest growing jobs, 9 out of 10 will pay less than $35,000 a year.

read the rest here: The Good And The Bad News For The Future Of America's Jobs | Zero Hedge
 

KNB

Senior Member
Joined
Nov 4, 2013
Messages
4,327
Reaction score
392
Points
48
American farmers are promised a new cash crop with an annual value of several hundred million dollars, all because a machine has been invented which solves a problem more than 6,000 years old. It is hemp, a crop that will not compete with other American products. Instead, it will displace imports of raw material and manufactured products produced by underpaid coolie and peasant labor and it will provide thousands of jobs for American workers throughout the land.

The machine which makes this possible is designed for removing the fiber-bearing cortex from the rest of the stalk, making hemp fiber available for use without prohibitive amounts of human labor.

Hemp is the standard fiber of the world. It has great tensile strength and durability. It is used to produce more than 5,000 textile products, ranging from rope to fine laces, and the woody "hurds" remaining after the fiber has been removed contain more than seventy-seven per cent cellulose, and can be used to produce more than 25,000 products, ranging from dynamite to Cellophane.
Vote Hemp: Why Hemp?: New Billion-Dollar Crop
So who needs a job? Here you go:


https://archive.org/details/Hemp_for_victory_1942_FIXED

Anyone can do this, even homeless veterans. Once the Cannabis is harvested, it is shipped by Americans to American factories where more American workers turn it into a vast array of American products to be sold in local American stores.
 

New Topics

Most reactions - Past 7 days

Forum List

Top