Every week, or so it seems anymore, an article is published on one of the major news sites I watch about job creation statistics. While, all throughout the week, I read about companies dropping thousands of workers, somehow there are statistics out there that regularly show that the economy is “improving” and new jobs are being created in greater number than those lost in the same time period.
What no one seems to be discussing is the parity between the jobs lost and the jobs created. What I mean by that is, as far as I can tell, no one is evaluating the overall difference in compensation between the jobs lost and the jobs created.
Using the amazing powers of observation, I could deduce, however, that there is a difference, and that it is probably pretty significant.
First, I think it is worth mentioning that I don't see a lot of “Help Wanted” or “Now Hiring” signs or ads, but when I do, the jobs I see advertised are not impressive. Places like McDonalds always appear to be hiring, probably because the bulk of their workforce always seems to be under the age of 18 and those “kids” are probably heading off to college for large portions of the year. Basically, I don't really count working a fast food joint as having a “job” unless you're at least an assistant manager, and even that doesn't pay all that great and tends to leave much to be desired on insurance and long term financial planning (such as 401k programs).
I see a lot of warehouses offering jobs as pickers / packers starting around $9 (if you take the worst-offered shift). Again, that hardly counts as a “job” if you compare it to the thousands of high-end positions eliminated over the last month at companies developing pharmaceuticals or tech gadgets.
Maybe looking at a site like monster.com yields better results for some people, but every time I look about half the listings appear to be bogus (“werk at hom and make $100,000 a YEAR!”) and most of the ones that look legitimate make about the same pay I do working in a warehouse.
So what I'm attempting to illuminate is the fact that a lot of people see jobs numbers in the positive and think things are improving, but the numbers don't tell the whole story. I think we all need to be honest with ourselves – what we observe with our senses does not always mesh well with what we are being told by the media or government. I don't see anything improving in my little corner of the world, do you?
Also, while I have the moment, I want to share a link that tries to show the volume of debt currently being shuffled around by the U.S. federal government in a graphical format. Oh, come now, in light of the credit downgrade this week, you knew I wasn't going to let that subject drop, right?
In game or life, “There is safety... in mindfulness.”
Be well, friends.
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