Business as usual? US job surge sees salary downturn - News and Current Events | futures io social day trading
futures io futures trading


Business as usual? US job surge sees salary downturn
Updated: Views / Replies:190 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Business as usual? US job surge sees salary downturn

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Business as usual? US job surge sees salary downturn

Whilst the number of US jobs is on the rise, salaries are not: a new report found that 58 percent of new positions are low paid, providing employees with hourly incomes between $7.69 and $13.83.

According to data released this month by the National Employment Law Project, 60 percent of the jobs lost during the recession were mid-wage jobs (ranging from $13.84 to $21.13 hourly), while 58 per cent of those created since then were low wage jobs. Currently, 80 percent of jobs being created pay less than $42,000 annually.

In a country where wages – as a percentage of the economy – are at an all-time low, more Americans are now flipping burgers, waiting tables, and stocking shelves.

The hospitality industry, which consists mainly of restaurants and hotels, created 34,000 new jobs in August – more than a third of the total. Retailers added 6,100 jobs last month. Manufacturing however, an area known to typically pay above average wages – cut 15,000 jobs.

“The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America’s deficit of good jobs,” Annette Bernhardt, policy co-director at the National Employment Law Project, told the Los Angeles Times. “While there’s understandably a lot of focus on getting employment back to pre-recession levels, the quality of jobs is rapidly emerging as a second front in the struggling recovery.”

The figures come at a time when the number of Americans dependent on the government has reached an all-time high, with more than half of US citizens seeking financial aid from the government.

Household spending has also been reduced by 62 percent in middle class homes over the past year. The average net worth of a middle class family in America dropped from $129,582 in 2001 to $93,150 in 2010, according to the LA Times.
“Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some – but by no means all – of its characteristic faith in the future,” reported the Pew Research Center in August.

Family hardships are having national ramifications with the U.S slumping down the world ranking from 1st to 12th in terms of GDP per capita.

“The economy has fewer good jobs now than it did at the start of the 21st century,” Bernhardt said.
Recent college graduates too often find themselves moving back home, unable to find jobs to support an independent lifestyle.
“I have applied to so many jobs that I’ve lost track,” 23-year old Megan Baker, who has been unemployed for over a year, told KCAU TV. “I try to tailor my resume and cover letters to each job, but now I am just becoming discouraged and want to give up.”

Recent Virginia Tech graduate, Megan Silsby, told USA TODAY that she has applied to more than 80 jobs, but has had no luck so far.

With most new jobs being low-paying, even college-educated Americans, with thousands of dollars in student loans, may be forced to take jobs they could have gotten without an education.


Business as usual? US job surge sees salary downturn — RT

Reply With Quote

Reply



futures io > > > > Business as usual? US job surge sees salary downturn

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Quitting Day Job for Entry Level Trading Job. Crazy? Morris Traders Hideout 9 July 5th, 2015 10:23 PM
New Yahoo CEO to Get $1 Million in Salary Quick Summary News and Current Events 1 July 19th, 2012 09:19 PM
experience trading during a major downturn? Maisie The Elite Circle 2 April 5th, 2012 03:11 AM
Tomorrow's ADP Report Is An Even Bigger Deal Than Usual kbit News and Current Events 1 March 6th, 2012 04:40 PM
First Time Unemployment Claims Increase But Less Than Usual Quick Summary News and Current Events 0 November 4th, 2011 12:00 AM


All times are GMT -4. The time now is 05:05 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.07 seconds with 19 queries on phoenix via your IP 54.163.210.170