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Low unemployment isn’t worth much if the jobs barely pay

brookings.edu

201–210 of 685 posts

Re: Low unemployment isn’t worth much if the jobs barely pay

#201

When you could house, feed and clothe a family of four (or more!) on a single unskilled labor job, unemployment numbers meant something. Today they mean nothing. A measure of how many households live above the poverty line would be a step in the right direction, but also frankly the poverty line in America is set too low. People 10% above it are still too poor to live comfortably on their income.

That state never existed. If you were white and in the US you could--it's just we were pushing the bad jobs off on those we didn't notice. Now we can't.

Hate to break it to you but the vast majority of people living in poverty in the united states are and have been white. The majority of government assistance goes to poor whites. Poverty doesn't discriminate. The bad jobs were not pushed off on those we did not notice. The wealth of minorities was rising until we implemented the civil rights act of 1964 which has screwed every minority applicant at a small business. It is riskier to hire and fire than it is to not hire.

The civil rights act prevents minority only businesses ta boot!

The worst thing to happen to minorites in the US was the civil Rights Act of 1964.

Re: Low unemployment isn’t worth much if the jobs barely pay

#202

Earlier quoted context omitted.

Having work one finds valuable is. Having a shitty mind numbing job is hell. Adam Smith wrote about it (paraphrasing) extreme division of labor will create servile, ignorant humans. IMO billionaires suffer from it too. Offloading so much real doing and learning while existing in the context of abstract decision maker. You think Bezos can do much more than validate or demean people around him? Bet he can barely rotate…

> Bet he can barely rotate a tire. According to Wikipedia, Bezos "once rigged an electric alarm to keep his younger siblings out of his room" and "worked at McDonald's as a short-order line cook during the breakfast shift". I expect he's in the American average range for practical workaday skills. I don't know whether or not he can specifically "rotate a tire"... but rotating just one tire is pointless anyway, you ha…

There might be someone who can rotate one tire and not four.

I would hazard this peculiar skill is uncommon.

Re: Low unemployment isn’t worth much if the jobs barely pay

#203

Earlier quoted context omitted.

Try getting healthcare in the US without health insurance, and try affording health insurance when you don't have good enough work. Yeah... thought so. You edited your post to add a line about emergency healthcare being a legal obligation of hospitals - we both know that emergency healthcare (i.e. "I am literally dying right this second") is not the total of necessary healthcare for many people. I invite you to try s…

> Try getting healthcare in the US without health insurance, and try affording health insurance when you don't have good enough work. I'm not offering an opinion here. I just think the distinction between health care and insurance is important. The original post I was responding to implies to some that you need a job to receive treatment. It also conversely implies that having a job means you can get treatment. I've…

Emergency care means they stabilize you so you won’t die right away and then kick you out. Many of the things that you will die from will never even qualify for it, e.g. treatment for cancer. You need money, insurance, or real charity to get care for that.

Re: Low unemployment isn’t worth much if the jobs barely pay

#204

Earlier quoted context omitted.

As far as I understand — without private insurance in Canada, somebody with few resources in Canada is at risk of financial ruin from any of the health conditions you mentioned. For older Canadians, a pre-existing condition may not be covered, which means a serious condition could rack up significant medical bills. Edit: I should have specifically said that I'm talking about expensive prescription drugs and required…

This is not true. This is nearly a lie. Private insurance in Canada barely exists, and primarily covers prescription coverage and paramedial (acupuncture, chiropracty, TCM, etc.) Inpatient prescriptions are covered by provincial health. Doctor's visits are covered by provincial health. Dental may or may not be covered. Hospital stays, urgent care, ER visits, routine checkups, mental health are covered by provincial h…

How are the wait times for all of the above?

Re: Low unemployment isn’t worth much if the jobs barely pay

#205
post #22

America has a weird sense of superiority about its lower unemployment numbers vs Canada. The difference is the US, you basically need a job, or else you're one broken ankle, complex childbirth, or infected hangnail away from complete financial ruin. People being able to take extra time to find the right job is a good thing for the economy. Better than being driven by an abject fear of not having a job.

If your AGI is below ~$27K you have medicaid. As i understand it, CHIP covers kids higher the he income scale this too.

Only in states that expanded Medicaid, and that number is too high.

Re: Low unemployment isn’t worth much if the jobs barely pay

#206

In reference to those low-paying retail jobs: I have done some research on large US retailers like J.C. Penney, Gamestop, Macy's, Sears and Tailored Brands. It's quite scary to see how dire the situation is for these firms. Shrinking revenues, plenty of debt, hardly any profit in sight. The most shocking to is the number of people they employ (more than 90k in the case of J.C. Penney), many of whom can be sure to be…

Yes well nobody can afford to buy anything on their subsistence wages...

Re: Low unemployment isn’t worth much if the jobs barely pay

#207
post #108
post #92

Earlier quoted context omitted.

There are jobs that you don't enjoy but that will help you achieve a better future. Then there are jobs that do nothing but provide a temporary stop gap from financial ruin. The idea isn't that you don't need a job, the idea is that you are less dependent on finding a job right away so that you can find a good fit between your skills and your goals and your job. This not only will lead to a better life for you, but m…

If working a job will prevent financial ruin, then it's a good job. No job has to be permanent.

> If working a job will prevent financial ruin, then it's a good job. No job has to be permanent.

That seems to be the definition of an acceptable job.

To me a good job is one which you wouldn't mind doing every day for the rest of your life. The occupation needs to actually be desirable in the long run, and a decent paycheck does not fit the bill.

Re: Low unemployment isn’t worth much if the jobs barely pay

#208

Earlier quoted context omitted.

Perhaps my error was in saying that the specific conditions that the OP listed would result in financial ruin. My experience is anecdotal from close relatives in Alberta having severe diseases early in life. Their drugs and "required care" was expensive and not entirely covered by their private insurance. Their private insurance had caps (annual and/or lifetime), and after, their medical history made it difficult or…

In general in Canada, any care you receive at a hospital or doctor's office is free to you. However, drugs you purchase at your local pharmacy are at your own expense. The provinces all have plans to cover drugs in certain situations (for children, for the elderly, for diabetics, etc.) but they do not provide complete coverage. Employers typically offer prescription drug insurance to employees. Some people with chron…

Thanks for explaining this more eloquently than I was able to. I did a poor job of highlighting that I was mostly referring to to these out-patient drugs.

For example there is a drug you can take before chemo that reduces the side effects, it costs a lot, wasn't covered by the province and isn't free with private insurance. It can make a terrible experience a little more tolerable.

Re: Low unemployment isn’t worth much if the jobs barely pay

#209

Earlier quoted context omitted.

Even the lowest wage bracket of jobs has kept up with price inflation overall.

Do you have any sources to back up that claim?

I'm sure it varies by region and time period, but for 2000-2019 in california, the cumulative inflation was 49%, while the minimum wage rose 108%.

And in the most recent years, wages are going up across the board at the low pay tier: https://www.wsj.com/articles/rank-and-file-workers-get-bigge...

Re: Low unemployment isn’t worth much if the jobs barely pay

#210
post #31

I see a lot of protestant mentality here in comments valuing any kind of even inhumane labour which does not allow to meet basic needs over not having a job, but also not suffering from hunger thanks to the social support system. In my opinion, we as a society should aim to work less and less, collectively making use of automation and technological progress. But it will be hard when we label this as being lazy and no…

there is a catch though: automation and technology is not free , but there a high overhead cost that many businesses cannot afford. Also, may low skilled jobs cannot be automated.
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