Why we are now at 4.9% Unemployment

Posted by $ blarman 10 years 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 10 years 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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