Common Dreams reports that much of the good news about job growth hides more troubling economic news. The article cites research by the National Economic Law Project that shows most workers have lost ground on wages. It also quotes economist Robert Kuttner, who notes that more new hires face part-time work schedules, including on-call jobs that give no set hours. We want more jobs. But they need to be good jobs, not work schedules that let employers make more money by making workers more insecure. America needs a raise and better working conditions.
Huffington Post offers a slide show of the top 12 U.S cites with declining incomes. It ranges from Los Angeles -3.8% to Midland, Texas at -8.4%. These numbers are very disturbing. Inflation, as the government measures it is flat. However that’s not what most people experience, since food and energy are not included in the government’s calculation. Declining wages and any type of inflation is a witch’s brew that portends a very ugly time to come.