The trend to low wage employment continues as the latest jobs report shows that wages are being eroded by inflation. Of course, the public is told that inflation is muted but simply looking at your paycheck versus housing costs, healthcare costs, and food would tell you a different story. Americans went to vote with economic frustration in their hearts. That was the guiding energy driving the electorate. The vast majority are frustrated with the current state of the economy contrary to a record in the stock market which is largely going to a very small portion of our population. People want good jobs. Good jobs are truly at the essence of the middle class. So it should not come as a surprise that we will soon have more waiters and bartenders than actual manufacturing workers. Those that serve drinks to calm away the struggles of a tough economy are in high demand apparently.
Manufacturing and food services
The loss of the U. S. manufacturing sector can be felt deeply across the nation. In places like the Rust Belt it is directly in your face. Old factories line the landscape as if out of an apocalypse film. People once living as middle class now struggle to get by to pay basic bills. Good paying jobs with benefits are eliminated and are filled with lower paying jobs that have absolutely no benefits.
Take a look at this ominous trend. We will soon have more waiters and bartenders than actual manufacturing workers:
This post was published at MyBudget360 on November 9, 2014.
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