“Booming” Economy Means More Bad Jobs and Faster Race to the Bottom

By Glen Ford

December 11, 2019 "Information Clearing House" - For the past 30 years, no matter which party has been in power, the US economy has produced more and more “bad” jobs – because the Race to the Bottom is ruling class policy.

“Whole sectors have become precarity zones.”

A Brookings Institution study  shows 44 percent of all American workers toil in “low-wage” jobs, with median earnings of $18,000 a year. Most of them are adults in their prime working years, whose paychecks provide the main sustenance for their families, 20 percent of which live at below 150 percent of the poverty line. Blacks and Latinos are overrepresented  in low-paid employment, but more than half of these bad jobs are held by whites.

The corporate consensus, shared by its monopolized media, is that the economy is booming – which only confirms that the Race to the Bottom is ruling class policy, no matter how much the “liberals” at places like Brookings bemoan the hardships inflicted on the working poor.

Working class precarity is built into the system, by design. Another study, measuring the Job Quality Index , shows that the proliferation of low-paid work isn’t a hangover from the 2008 meltdown, but a characteristic of late stage capitalism. "In 1990, the jobs were pretty much evenly divided" said one of the creators of the index.