Why we are now at 4.9% Unemployment

Posted by $ blarman 8 years, 9 months ago to Business
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It's really pretty symptomatic. Government mandates that people working over 30 hours are "full-time" or employers get fined. Employers like keeping their money - not giving it to government. So employers make sure their employees work less than 30 hours a week, but to compensate have to hire more workers. Thus we have more people being employed, but at a lower overall compensation package.
SOURCE URL: http://finance.townhall.com/columnists/mikeshedlock/2012/10/25/obama_slashes_four_hours_off_definition_of_fulltime_employment


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  • Posted by freedomforall 8 years, 9 months ago
    As usual, Mish cuts through the disinformation to the truth.
    The middle class is shrinking and the lower class is growing. This means less demand for non-essential goods and price deflation on many goods, in particular real estate.
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