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Old 02-16-2020, 08:41 AM  
Marcellus Marcellus is offline
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Nearly 95% of all new jobs during Obama era were part-time, or contract

An oldie but a goodie from 2016. Just a reminder for all those "Obama's economy was better than Trump's economy" morons.

Quote:
Nearly 95% of all new jobs during Obama era were part-time, or contract

Investing.com -- A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.
The study shows that the jobs were temporary, contract positions, or part-time "gig" jobs in a variety of fields.
Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era.
The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%.
Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding.
The disappearance of conventional full-time work, 9 a.m. to 5 p.m. work, has hit every demographic. “Workers seeking full-time, steady work have lost,” said Krueger.
Under Obama, 1 million fewer workers, overall, are working than before the beginning of the Great Recession.
The outgoing president believes his administration was a net positive for workers, however.
"Since I signed Obamacare into law (in 2010), our businesses have added more than 15 million new jobs," said Obama, during his farewell press conference last Friday, covered by Investing.com.




https://www.investing.com/news/econo...ct-work-449057
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Old 02-16-2020, 10:07 AM   #2
Prison Bitch Prison Bitch is offline
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A four year old article.
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Old 02-16-2020, 10:45 AM   #3
IowaHawkeyeChief IowaHawkeyeChief is online now
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Quote:
Originally Posted by Prison Bitch View Post
A four year old article.
How long has Trump been President? My God, think about it... Damn Jew probably wrote it too...
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Old 02-16-2020, 11:22 AM   #4
F150 F150 is offline
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Originally Posted by Prison Bitch View Post
A four year old article.

Must be wrong then?
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Old 02-16-2020, 12:17 PM   #5
BucEyedPea BucEyedPea is offline
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Unfortunately a lot of that is still continuing or are low wage retail. Been going on since2002. For those who claim they're better-off--it's all on paper. That type of wealth could burst with either a black swan event or if China dumps our treasuries.

When homelessness increases, more people in a family working two jobs to pay for things or relying more and more on cheap and easy credit--that's not exactly a sign of a fantastic economy--the best ever. Because QE increases the cost of living, inflates the assets of the better-off, in particular the wealthy. GDP is now measured in terms of inflation, which is entirely bogus. But it ain't gonna stop because the American people keep demanding more from their govt which leads to the type of candidates we keep getting paraded in front of us for our choices.

In the meantime, the same interests that love this type of asset-enhancement, want to expand H-1B Visas which prevents labor-supply to apply pressure for higher wages.
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