Before I offer my take consider this information on job growth for recent presidents:
(Source: Wikipedia Jobs_Created_During_US_Presidential_Terms)
Eisenhower: 3.5 million jobs created over 8 years for a rate of .44 per year
Kennedy/Johnson:15.8 million jobs created over 8 years for a rate of 1.98 per year
Nixon: 6.2 million jobs created over 4 years for a rate of 1.55 per year
Nixon/Ford: 5.1 million jobs created over 4 years for a rate of 1.27 per year
Carter: 10.3 million jobs created over 4 years for a rate of 2.57 million per year
Reagan: 16.1 million jobs created over 8 years for a rate of 2.01 million per year
George H W Bush: 2.6 million jobs created over 4 years for a rate of .65 million per year
Clinton: 22.7 million jobs created over 8 years for a rate of 2.83 million per year
GW Bush: 3.7 million jobs created over 8 years for a rate of .46 million per year
According to this chart, overall job growth has plunged since 2000 in ways not seen in over 50 years. Even the slower Job growth rate under Eisenhower can be mitigated by the reality that in those days jobs often lasted longer(ie for life) and that in the typical household a single earner was often all that was needed to maintain a middle class lifestyle. The single worker reality essentially cut the available workforce in half compared to what it is now. Also consider, that with each new presidential term the nations population grows faster. Therefore, a greater number of actual jobs needs to be created with each passing year just to keep pace with the overall population growth.
Even more alarming is the nature of the new jobs created since 2000. Unlike the bread and butter manufacturing jobs of the past, jobs that provided a liveable salary and good benefits, most jobs created since 2000 have been in the service industry. Jobs like waiter/waitress, maintenance worker, call centers, and food service accounted for much of the growth in the 'new' economy. Honest jobs certainly but with pay ranges far less than the manufacturing jobs that they replaced. As for the benefits? well the main benefits of these new jobs are the food and shelter the pay provides. Exploding health care costs simply makes it impossible for employers to provide decent benefits in many service area professions.
Implicit in the idea of opportunity is not just the availability of jobs but also the ability to advance in a chosen field. Traditionally, it was not uncommon for a factory worker to start as a floor sweeper, move to assembly and eventually become a foreman. If a person was especially diligent even becoming President of the company was not out of reach. Sadly, there is seldom much room for advancement in most of the post 2000 jobs. Most of the advancement in the food service industry , for example, is limited to advancing the tray to the customer. Unless there is a change and soon, more and more people will be consigned to such 'dead end' professions.
Such a change in the nature of work threatens the whole notion of the work ethic. Traditionally, the American work ethic evolved through a carrot and stick approach. The idea that if a person worked hard enough they could move up the ladder where a better life awaited was the carrot. The idea that if a person was lazy and/or incompetent they could soon find themselves sans employment served as the stick. When opportunities for advancement are taken away, the carrot itself is gone. What that leaves is nothing but the stick. The stick approach was tried for several hundred years. It went by a different name though: it was called slavery.
Complicating matters is the reality that most of the new jobs created do not require a college degree. Yet since 2000 there have been more than 10 million new college graduates in the United States alone. Add to this total the millions of college educated immigrants who have come to the United States in recent years and you have a frightening reality. Simple mathematics dictates that 3.5 million new jobs(most of which do not require a college degree) falls well short of the number needed to accommodate these new additions to the workforce. How can you tell these graduates that all the hard work performed in the pursuit of their degrees was worth it when the labor market says otherwise? Especially when the rising costs of college all but guarantees most new graduates will leave school deep in debt. I would be remiss if I failed to mention the millions of new additions to the workforce who, ironically, were smart enough to not go to college. When more and more a college degree fails to open doors into the workforce, how can values like studying hard be promoted?
The solution to this crisis is as simple as it is complex. More jobs clearly need to be created, in particular jobs that offer the prospects for advancement, better salary and more benefits. Trends like outsourcing and layoffs need to be limited to stave off the future disillusionment of the American people. Failure to perform such tasks will serve not only to ruin the notion of a land of opportunity but also to relegate the American dream to just that...a dream
Published by My 2 cents if i'm not overcharging
My name is Richard Coolidge. I obtained a B.S in Applied Mathematics and worked for several years as a Computer Programmer/Analyst. I am entering a new phase in my life by employing my love for writing. View profile
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7 Comments
Post a CommentExcellent article which compliments mine, (Thanks for the comment BTW). I had not even considered the number of jobs created, (or not created), with new people joining the work force. Great work, great research, and well written. No new jobs, american companies moving across the border for cheaper labor, equates to unemployment and bankruptcy. Lets give three cheers to our leaders, Booo, Booo, Booo...
Cannibalism. That's the word that strikes me. America has been cannibalized by people extracting profit from the middle class. The scary thing is, I'm not sure it's entirely controlled, or attempted. I've known several bosses who cannibalized their own department to ensure their own success, then shrugged their shoulders when the company let people go. "That's their decision." I think that's the insidious dynamic at work here. The "I've got mine" syndrome. Good article.
If ever there was an article to encourage debate, this is it!!! This country has been "stealing from itself" (so to speak) for years. This recession is a result. There is a dreastic decrease in the number of jobs available, with all sorts of reasons pointing to the origin. It will be interesting (to say the least) to see how this country attempts to clean up its own mess that has been spilling for years. I agree with the commenter who mentioned that people will need to be more innovative in finding ways to sustain themselves.
Great article, It is obvious to me that the dumbing down of Americans has finally
sunk in. What was once a society of thinking people has become one of the fat, lazy and stupid.
Lets face it Americans are getting what they deserve. They have long been the terrorists
of the world killing innocent people,as well as incarcerating their own people for non violent crimes.
People are still saying that the US Government will get them out of this mess.
These people are allegedly educated in the USA. America is gone, you might as well flush the US Constitution
as is has no validity when your own government will not recognize it.
Grab your ankles patriots because the new administration is still governed but the same people
who have the money! Make more children so we have more people to die in foreign conflicts.
Fast forward to a year from now to the American nightmare.
kkemper
May I agree to disagree with much of what you have written?
more jobs have been created between 1990 and 2008 than the
previous 100 yrs combined. And for those who find climbing the
corporate ladder difficult, they open their own biz. YOU wrote
with energy, I will give you that. If you ever want to debate, I am available.
OOOPPSS Typo above! I meant well thought OUT! My fingers are tired LOL
Very well thought our article. Welcome to AC and thanks for commenting on my "Recession Leads to Depression" article. I agree that something has got to change in this economy, and I believe it will start with us "little people." many of us here at AC or other sites are working hard for what we are earning just to help support our families. It's not great pay, but it is honest work and we are in control of our work schedule , so to speak. You needn't fear a lay off here!