– Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time (ZeroHedge, Aug 2, 2013):
When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America’s conversation to a part-time worker society is not “tapering”: according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were… not.
What is worse, however, is when one looks at job creation broken down by “quality” in all of 2013. The chart below does the bottom line some justice:
But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs “created” so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K or 953K of total.
Since 96.5% of all new jobs created are part time and low wage, essentially following the path of the European economy……I don’t know how much Obama care has to do with it. I think it is part of their globalization scheme, drive down wages around the world.
I saw today that congress members have been excused from Obama Care, and that tells me it really is a bad hand that has been dealt the American citizens.
Every citizen has to buy insurance from private insurance companies (no price constraints, and no expected depth of coverage) or get the IRS on their back. The IRS, at taxpayer expense, will force people to buy insurance or be fined and penalized by the government. The insurance companies get free collection service from the same people they will exploit.
Obama is the worst fraud ever perpetuated on the American people. Not that the voters were given any choice, the other candidates were equally horrible.
I also recall Jill Stein, the Green Party candidate for president this last election fiasco. She showed up at one of the so-called debates, and was arrested. So much for a free and representative government.
I urge all people who are young and strong to look at emigrating from this country, this is quickly becoming a horrible place to live. If I were not soon going to be gone due to a medical condition, I would be packing.
Thanks for all you do. Stay safe.