“Maybe this isn’t a great indication of the state of the economy.”
And it’s far from over.
At first, it’s a sampling error, statistical fluke, or the weather, but suddenly it’s serious
That’s what’s beyond the insufferably rosy corporate speak.
What little strength exists in the labor market comes from two unsustainable sources.
Replaced by H-1B worker? Congress caved to corporate search for cheap labor.
“They’re bringing in people with a couple of years’ experience to replace us, and we have to train them.”
Who gets the crumbs in the ironically named “sharing economy”?
Real annual earnings of production and nonsupervisory workers: down 15.4% from 42 years ago.
But it performs miracles on corporate profits.