The Feds keep reporting steady job growth.
What gets obscured by the headline is that t there’s a fundamental shift happening in the workforce.
Here’s what’s going on …
There’s been a long-term shift out of manufacturing … partially offset by a growing service sector.
You know – restaurants, bars and hospitality.
A steady down-mixing from relatively high-paying full-time jobs to low-paying part-time jobs.
Take a hard recession … add a constant flow of anti-business rhetoric, a few executive orders to kill some industries, and incomprehensible, onerous healthcare legislation … and that’s what you get.
Good luck to the dude or dudette that inherits the Presidency in 2016.
They’ll be staring down a deep hole.