Most US jobs created since 2005 are not conventional full-time work
1–10 of 127 posts
Re: Most US jobs created since 2005 are not conventional full-time work
#2> “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.”
So, not exactly temp workers, but contract workers who require less overhead and are easy to fire.
Re: Most US jobs created since 2005 are not conventional full-time work
#3Published Dec 2016 ...
Re: Most US jobs created since 2005 are not conventional full-time work
#4This is in large part because the sectors that saw the largest move towards alternative work arrangements—like education and medicine—have a high proportion of women.
Anyone know more about this? What jobs in those areas are becoming contract based?
Re: Most US jobs created since 2005 are not conventional full-time work
#5This is in large part because the sectors that saw the largest move towards alternative work arrangements—like education and medicine—have a high proportion of women. Anyone know more about this? What jobs in those areas are becoming contract based?
Lecturers and nurses, as a guess. I know a CEO of a nursing staffing agency. I imagine she contracts nurses out. In both cases contracts would let businesses treat shift hours as more isolated needs. That grants them lots of flexibility.
Re: Most US jobs created since 2005 are not conventional full-time work
#6This is in large part because the sectors that saw the largest move towards alternative work arrangements—like education and medicine—have a high proportion of women. Anyone know more about this? What jobs in those areas are becoming contract based?
My little sister is a physical therapist assistant (usually the person actually administering physical therapy), and a lot of her jobs have been contract based.
Re: Most US jobs created since 2005 are not conventional full-time work
#7Another powerful demographic force in the USA is the number of men who are ex-convicts:
""Few of us today are aware of the staggering size of this group. In a forthcoming study, Sarah Shannon, a sociologist at the University of Georgia, and five colleagues estimate that America’s criminal class (people with a felony conviction or prison time in their background) roughly quadrupled between 1980 and 2010 — from 5 million to nearly 20 million. Given the flow of sentencing since then, we might expect that population to have topped 23 million by now. And since roughly two and a half million people are behind bars today, this means that 20 million released felons and ex-prisoners are living outside institutions. This implies that at least one in eight adult men in the at-large population has been sentenced for a felony. And the ratio for prime-age men could be even higher, given the upsurge of sentencing in recent decades."
http://conversableeconomist.blogspot.com/2017/10/after-incar...
Re: Most US jobs created since 2005 are not conventional full-time work
#8In the time since the end of the article's data was sourced, until now, the U6 rate has fallen from 11% to 8.3% - which is back to where it was in the Summer of 1998. When it gets into the 7.x% levels, the employment market will be the second hottest in roughly 50 years next to the year 2000.
The time frame sourced, includes an U6 rate that reached nearly 18% and a U3 rate that hit 10%. It's not surprising that conventional full-time work numbers would be severely distorted both by the great recession and the recovery period.
The actual labor force reality is the US is facing a severe shortage of labor due to extremely slow population growth (and that assumes a big hit from inbound automation; if that's not as big as forecast, the shortage will be that much worse).
The US added $4.x trillion to its economy in the last ten years (despite the great recession), roughly the size of Germany's economy of 82 million people. It accomplished that while adding only 22 million people. Without a leap in automation, ie productivity gains, there's no way to keep matching that economic expansion in the next 10 and 20 years as population growth slows even further.
Re: Most US jobs created since 2005 are not conventional full-time work
#9> “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.” So, not exactly temp workers, but contract workers who require less overhead and are easy to fire.
People talk like this is a bad thing, but I don't get it.
If working for your employer became a negative ROI, you'd quit your job.
If employing somebody becomes a negative ROI, I don't see why it shouldn't be equally easy to stop employing them.
As long as the relationship is mutually beneficial, neither party will terminate it.
Re: Most US jobs created since 2005 are not conventional full-time work
#10In the time since the end of the article's data was sourced, until now, the U6 rate has fallen from 11% to 8.3% - which is back to where it was in the Summer of 1998. When it gets into the 7.x% levels, the employment market will be the second hottest in roughly 50 years next to the year 2000. The time frame sourced, includes an U6 rate that reached nearly 18% and a U3 rate that hit 10%. It's not surprising that conve…
I wonder if that added productivity comes from the rise of smart phones and being able to be connected all the time?