Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

DA60 said:

...'a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was "surprised" by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.'

https://krueger.princeton.edu/sites...r/files/katz_krueger_cws_-_march_29_20165.pdf

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time | Zero Hedge


Thoughts?

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DA60 said:

...'a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was "surprised" by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.'

https://krueger.princeton.edu/sites...r/files/katz_krueger_cws_-_march_29_20165.pdf

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time | Zero Hedge


Thoughts?

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DA60 said:

...'a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was "surprised" by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.'

https://krueger.princeton.edu/sites...r/files/katz_krueger_cws_-_march_29_20165.pdf

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time | Zero Hedge


Thoughts?

Click to expand...

DA60 said:

...'a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was "surprised" by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.'

https://krueger.princeton.edu/sites...r/files/katz_krueger_cws_-_march_29_20165.pdf

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time | Zero Hedge


Thoughts?

Click to expand...

DA60 said:

...'a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was "surprised" by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.'

https://krueger.princeton.edu/sites...r/files/katz_krueger_cws_-_march_29_20165.pdf

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time | Zero Hedge


Thoughts?

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Militant_Vegan_ said:

first you guys whine because people want a living wage and then you whine about the low wages.

can't wait to see trump fix all this.

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Militant_Vegan_ said:

first you guys whine because people want a living wage and then you whine about the low wages.

can't wait to see trump fix all this.

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eohrnberger said:

It'd be one thing if you could live on, raise a family on, this part time / temporary work, but that's really not the case.

Once again, Democrats ignored the warnings about the impact that their policies would have, thinking that they knew best for the nation, much to the nation's detriment.

If it wasn't such an often repeated experience, it might be excusable, but it just seems that nearly every policy from the Democrats seems to end up with this result.

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Fishking said:

Errr...they are whining about low wages jobs being the only thing growing, not the wages for those jobs themselves vs high paying jobs for actual skilled jobs and careers. In other words, they aren't whining about low paying McDs jobs but the lack of jobs in things like manufacturing, construction, trades, ect.

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Militant_Vegan_ said:

why should those jobs be any more highly paid if employers can get away with paying them as little as possible as well??

trump will fix it and make us great again. and drain the swamp

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DA60 said:

...'a report by Harvard and Princeton economists Lawrence Katz and Alan Krueger, confirms exactly what we warned. In their study, the duo show that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” soared during the Obama era, from 10.7% in 2005 to 15.8% in 2015. Alternative, or "gig" work is defined as "temporary help agency workers, on-call workers, contract company workers, independent contractors or freelancers", and is generally unsteady, without a fixed paycheck and with virtually no benefits.

The two economists also found that each of the common types of alternative work increased from 2005 to 2015—with the largest changes in the number of independent contractors and workers provided by contract firms, such as janitors that work full-time at a particular office, but are paid by a janitorial services firm.

Krueger, who until 2013 was also the top White House economist serving as chairman of the Council of Economic Advisers under Obama, was "surprised" by the finding.

Quoted by quartz, he said “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.'

https://krueger.princeton.edu/sites...r/files/katz_krueger_cws_-_march_29_20165.pdf

Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time | Zero Hedge


Thoughts?

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justabubba said:

an economy recovering from republican administration mishandling

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eohrnberger said:

It'd be one thing if you could live on, raise a family on, this part time / temporary work, but that's really not the case.

Once again, Democrats ignored the warnings about the impact that their policies would have, thinking that they knew best for the nation, much to the nation's detriment.

If it wasn't such an often repeated experience, it might be excusable, but it just seems that nearly every policy from the Democrats seems to end up with this result.

Click to expand...

Militant_Vegan_ said:

low pay is all the fault of the Democrats.

LOL, what twaddle

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Mycroft said:

As the OP's article implies, it's recovering in a way that is not very helpful...thanks to Obama and the Democrats.

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justabubba said:

an economy recovering from republican administration mishandling

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justabubba said:

you missed the significant point
our economy rebounds during democratic administrations
fixing the economic problems generated during the republican regimes

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justabubba said:

an economy recovering from republican administration mishandling

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haymarket said:

Welcome to the new world order.

The problem of the 21st century will be one of employment. Precisely - in an ever increasing environment where machines and technology takes over a larger part of the tasks that could be performed by human workers, how do we find gainful employment for millions of people who are now simply irrelevant to the entire process?

Solve that problem and you win all sorts of prizes.

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eohrnberger said:

If in reference to the mortgage bubble popping, that had a far longer time developing than just Republican administrations. Arguably that it started around the Clinton administration.

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Renae said:

8 years fo Dem control failed to correct...

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Militant_Vegan_ said:

low pay is all the fault of the Democrats.

LOL, what twaddle

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