Tuesday, September 4, 2012

Weird’s Deep Dark Thoughts (Tuesday Morning Edition); Careers Are Dead. Welcome To Your Low-Wage, Temp Work Future




From Forbes: Finally, some statistics to prove the stereotypes right. According to a recent survey from Millennial Branding and Payscale, Millenials really are most likely to be employed in service industry jobs. So, all those jokes about post-graduation latte pouring and t-shirt folding haven’t been in vain. And while it might be comforting to think of these jobs as necessary way stations on the path to an upwardly mobile future – especially if you’re someone who holds one – there’s mounting evidence that the American labor market may never return to its pre-recession composition. The future is already here and it brings with it low-wage temporary or contract work as a way of life.

According to the Economic Policy Institute, almost 30% of American workers are expected to hold low-wage jobs – defined as earnings at or below the poverty line to support a family of four – in 2020. This number will remain virtually unchanged from 2010. Given that roughly 50% of recent college grads are unemployed or underemployed and those who do work are much more likely to hold these types of jobs, this is a particular grim prospect for young workers hoping to leave these positions behind for greener career pastures….

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