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>> UNITED STATES OF AMERICA Latest News

JAN 30, 2013 - Zero Hedge

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A Quarter Of Jobs In America Pay Below The Federal Poverty Line

Over two years ago (and reiterated last year) Zero Hedge first wrote on what was and is an undisputed transition within the US labor force: a shift from full-time to temp, or part-time labor, with virtually no contractual or welfare benefits, and where workers are lucky to get minimum wage. This is because in the "New Normal" where copious amounts of structural slack are pervasive due precisely to the Fed's constant flawed micromanagement of the economy, the US has now become an "employers' market." Furthermore, we were the first to make the critical distinction that it is absolutely not ... Read More

Tags: A Quarter Of Jobs In America Pay Below The Federal Poverty Line,  United States Of America Latest News