Looking for a Good Job? Don’t Get Your Hopes Up
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If you think your job stinks, you're not alone. And if you’re still looking for a decent job, don’t expect to find one anytime soon, or ever.
A new analysis of job quality, assessing various measures of benefits and wages, confirms what many of us already suspected: Good jobs are vanishing from the United States, with global trade and social disinvestment leaving workers stranded on a barren economic landscape.
The report, published by John Schmitt and Janelle Jones from the Center for Economic and Policy Reseach (CEPR), shows that the downward spiral began long before the recent economic crisis. It notes that since 1979, the "good job" (one that "pays at least $18.50 an hour, has employer provided health insurance, and some kind of retirement plan") has become an endangered species:
[T]he economy has lost about one-third (28 to 38 percent) of its capacity to generate good jobs. The data show only minor differences between 2007, before the Great Recession began, and 2010, the low point for the labor market.
In 2010, " less than one-fourth (24.6 percent) of the workforce" possessed those precious good jobs. And the clincher is this downturn is beginning to look like a sad plateau:
The deterioration in the economy's ability to generate good jobs reflects long-run changes in the U.S. economy, not short-run factors related to the recession or recent economic policy.
While workers around the world have witnessed massive economic volatility in the recent boom-bust cycles, food crises and political upheavals, the trend line of labor hardship holds steady. The societal impacts of unemployment crises parallel the effect of long-term effects on individual workers, especially young ones--a self-perpetuating sense of despair and isolation, and perhaps entrenched, long-term suffering.
The report’s long-term prognosis undercuts the historically entrenched national mythology of upward mobility. Alan Barber, a spokesperson for CEPR, tells In These Times via email:
It may come as a surprise or at least run against logic to some readers because even though the workforce is better educated and older, one would expect that more people have good job. Conventional wisdom holds that if a person goes to college and gets a degree they will get better jobs. It also holds that the longer you are in the workforce the better your prospects for getting a good job. But as the report shows this is not the case.
The divergence between the American Dream and American reality has widened as neoliberal policies have assaulted workers under the guise of promoting “personal responsibility.” The belief that hard work pays off has been betrayed by the degradation of public trusts like education and health care, while mortgage and student debt crises and the decline of union representation, hollow out communities from within.
The erosion of public services and social programs is nothing new, but the flip side of a shrinking safety net--a crumbling labor market--pushes self-sufficiency even further out of reach for millions.
The vanishing promise of social mobility may have an even more severe impact across generations. According to the Pew Economic Mobility project’s report on intergenerational prosperity:
Eighty-four percent of Americans have higher family incomes than their parents did.
Those born at the top and bottom of the income ladder are likely to stay there as adults. More than 40 percent of Americans raised in the bottom quintile of the family income ladder remain stuck there as adults, and 70 percent remain below the middle.