Friday, August 05, 2016

Waiter/Bartender vs. Manuafacturing Jobs


Who in their "right mind" believes the economy is on the right track after viewing the above chart? There is a world of difference between a $100,000 a year manufacturing job and a $10 per hour waiter/waitress job. Case in point, the U.S. has lost 195,000 excellent paying energy jobs since 2014. Ouch! That hurts the economy, since 70%+ of GDP is based on personal consumption. Let's not forget loss jobs mean less government tax revenues at all levels. The Wall Street Journal states that the current economy recovery is the weakness since 1949. In addition, the rate of home ownership has fallen to the lowest lever "ever!" President Obama is on track to be the "only President in U.S. history" to never have a single year of 3% GDP growth.

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