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."
Read more: http://www.zerohedge.com/news/2013-01-30/quarter-jobs-america-pay-below-federal-poverty-line
Read more: http://www.zerohedge.com/news/2013-01-30/quarter-jobs-america-pay-below-federal-poverty-line
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