Monday, August 13, 2012

Full Time Vs. Part Time Employment

Amazing chart below showing the change in full time jobs (1,485,000 jobs lost) vs. part time jobs (1,585,000 jobs gained) since January 2009. In many areas of the United States the only jobs available have been through part time help providing only a fraction of the former income employees used to receive. Click for larger image:


6 comments:

  1. Hello, not being picky but the graph looks suss. There are apparently 100,000 in the difference between the full-time and part-time jobs, with part-time jobs having increased more, yet the plot seems mis-leading as full-time employment down looks far larger.

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    Replies
    1. That's a good point, which I didn't even notice. If they are only 100,000 apart then the red should be more similar in size to the blue.

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  2. Kinda makes one wonder about investments going forward.

    Exactly where is the money going to come from to:
    1) buy homes
    2) fund pensions
    3) fund government

    Also, what are the ramifications of the above three going by the wayside. How will that in turn then affect seeming sound current investments.

    I don't see any "green shoots" on the horizon. More like black swans.
    Flocks of them.




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    Replies
    1. Many assume that money will always move from stocks to bonds to real estate back to stocks in a big circle. My argument to that is look at Greece/Portugal/Spain/Italy. All assets are falling in price because money is leaving the country in general and moving to other shores. "Diversification" provided no protection.

      The same thing will happen to America. The money flooding into the country today pushing the price of everything higher will reverse and find a better home outside the country. The potential for ALL assets falling is never discussed or in any models.

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  3. America will soon be a third world country. There will be a wealthy elite, a relatively small class of professionals - and everyone else will be barely eking out a living or in squalor.

    Think Manila, Jakarta, etc...

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  4. It's difficult for me to project how far America will fall, although that is certainly in the realm of possibility. I think the dominance of America in the global economy, currently 25% of global GDP, will shrink significantly as other markets pick up a greater share.

    If that number falls to 15% to 20% of global GDP, still a very high number, it will be devastating for many businesses and those living off government support.

    "Peak America" was December 2007. It is not unpatriotic to say so, it is just the natural ebb and flow of the world. Great Britain experienced the same process during the 1800's. The 1900's were America's century.

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