United States Leads the Developed World in Share of Low Wage Jobs
In an apparent attempt to advise investors on how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50 page research report, Morgan Stanley has put together some very interesting charts that were highlighted earlier today by MarketWatch.
While I suggest taking a look through all of the charts, none of them is more telling and depressing than the one that shows how the U.S. leads the developed world in the share of low wage jobs. See below:
Should make the GOP happy, more profits for corporations and larger bonuses for the top 1%. Of course they are killing the goose that lays the golden egg, the middle class.
For about three decades or more the U.S. has been doing little or nothing to train people and in effect train them to accept higher skilled jobs which pay more. I have heard out of the mouths from large employers and military personnel that they want to train them themselves.