Jack Saturday

Monday, September 07, 2015

Anti Wage-Slavery Pro-Freedom Quotations Of The Week 1346-1348

Despite steady gains in hiring, a falling unemployment rate and other signs of an improving economy, take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.

The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.

productivity in the American economy in the second quarter rose at an annual rate of 3.3 percent, the biggest quarterly gain since late 2013….
Low-Income Workers See Biggest Drop in Paychecks
By NELSON D. SCHWARTZ
New York Times
SEPT. 2, 2015

[emphasis JS] 



 What is less known is that millions of Americans are living in situations of similar poverty. A new book, $2.00 a Day: Living on Almost Nothing in America, explores the status of Americans who face this extreme level of poverty.

“Most of us would say we would have trouble understanding how families in a country as rich as ours could live on so little," Kathryn J. Edin, who co-wrote the book with H. Luke Shaefer, said in a conference call recorded by CBS News. "These families, contrary to what many would expect, are workers..."

the number of Americans living on $2 a day or less has “more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation.”
 The Number of Americans Living on Less Than $2 a Day Is Skyrocketing
 By Zaid Jilani / AlterNet
September 2, 2015
 

[emphasis JS]




It’s estimated that in five years over 40 percent of the American labor force will have uncertain work; in a decade, most of us.

Increasingly, businesses need only a relatively small pool of “talent” anchored in the enterprise –  innovators and strategists responsible for the firm’s unique competitive strength.

Everyone else is becoming fungible, sought only for their reliability and low cost.
...
But that’s not all. Ultimately, we’ll need a guaranteed minimum basic income. ...


[emphasis JS]





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