Obamanomics: Low Wages, Tent Cities, Young Adults Moving Back Home

NJ tent city

Here are a few stories highlighting what happens when we elect a left wing radical partisan as president. And no, I don’t care what Nancy Pelosi says, Obama is not non-partisan.

On the front page of the Wall Street Journal this morning was this story:

Low Pay Clouds Job Growth

The U.S. labor market’s long, slow recovery slowed further in July—and many of the jobs that were created were in low-wage industries.

Employers added a seasonally adjusted 162,000 jobs in July, the fewest since March, the Labor Department said Friday, and hiring was also weaker in May and June than initially reported. Moreover, more than half the job gains were in the restaurant and retail sectors, both of which pay well under $20 an hour on average.

“These jobs count as jobs in the jobs reports, but there’s very little attention paid to the kind of jobs these are,” said Arne Kalleberg, a sociology professor at the University of North Carolina and the author of the book “Good Jobs, Bad Jobs.” “They tend to be low-wage jobs, they tend to be in retail and personal-service-type sectors, many of them are part time.” (Read More)

Someone needs to ask the WSJ editors how adding more low wage workers into the mix through immigration reform is going to make this growing problem better. But I digress.

In case you missed it, tent cities, or Obamavilles, are popping up in New Jersey. But it isn’t due to Hurricane Sandy.

Tent cities have popped up across New Jersey including the state’s poorest city.

Meg Baker chased the story of Camden’s tent city.  Residing off Route 38 at Wilson Boulevard under an overpass, through woods and down a path of trash lays a community of people living in tents.  This particular community was relocated from Federal Street and it’s inhabited by an array of people: addicts, people who have fallen on hard times and some with mental illness.

Baker took a tour of this run down community and the pictures show just how heart-wrenching this situation really is.  Among the homes are decomposing food, broken furniture, and feral cats. (Read More)

Here’s video from earlier this year on one of these heartbreaking tent cities in Lakewood, NJ.

College graduates might have to move to these tent cities if they didn’t have parents willing to take them back in.

As summer comes to a close, millions of college grads, most of whom are just waking up from their 4-year long hangover and liberal indoctrination, are returning home from their backpacking trips to Europe and are running back to the warmth and shelter of their mother’s couch. Student loans? They won’t be due until December anyways, so why not continue down the path of perpetual adolescence that plagues the generation. The only thing that is sobering up these Millennials is the terrifying realization that the archaeology- photography-anthropology-alcohology quadruple majors they worked so tirelessly to attain are utterly useless in our stagnant economy. Just today, a new Pew Research study found that 36 percent of Millennials – 21.6 million young adults – are living with their parents. This is the highest number in four decades and it comes on the coattails of the news that there were 988,000 discouraged workers in the U.S. in the month of July. (Read More)

Fast food workers have been striking striking all over the nation demanding higher wages. Why aren’t they instead demanding the opportunity to move up the ladder? Do we now have a generation or two of economic illiterates? When I was a kid I got a job at McDonald’s, but I never saw it as a career opportunity. It was a way to make some extra money while I was in school. How sad is it that fast food jobs are now expected to support families, unless one goes into management?

Oh, and what the heck happened to the 5% unemployment rate Obama promised us before he and his fellow Democrats spent nearly a trillion bucks on stimulus, and then increased the baseline budget forever going forward? Funny how those in the media reporting all of this bad news hardly ever ask that question.

Update: Linked by Grumpy Elder – thanks!

Update: Linked by Bizzy Blog – thanks!