The Phaserl


The temporary employment recovery

Quantitative Easing and favorable banking policies creating a rising tide of temporary workers similar to Japan. Part-time workers up nearly 100 percent in US since 2007.


This recovery unlike other recoveries has been very weak in creating a large number of good paying jobs.  Corporate profits are up under a market where wages, benefits, and quality of jobs have decreased while low-wage jobs continue to be added in the tens of thousands each month.  Why the reluctance for firms to boost wages?  There is still a large pool of people working part-time gigs in the US hoping for full-time employment.  We have a large number of people working in this category, nearly twice as many since 2007.  What is interesting is that Japan, over two decades ago followed a similar path of recovery focused on Quantitative Easing to support their banking apparatus after a gigantic stock market and real estate bust.  The results after a generation?  A permanently high level of part-time/non-regular type of work for their labor force.  We seem to be offering a similar future to the young in America.  Many of the jobs that were lost during the Great Recession came in the $20+/hr job range while we’ve been adding jobs in the $10+/hr job range in this recovery.  Do policies favoring banks and larger corporations create a situation where low-wage employment is simply the end result like in Japan?

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>