America Has Not Seen One Breadwinner Type Job Created in Over a Decade

Only part time, temp and minimum wage jobs are being created
By John Lawrence
“Four years after the [Great Recession of 2008] median family income has fallen by 10 percent in real terms. …[T]he number of full-time breadwinner jobs in the US economy is still down by 5 million; that is, it is more than 8 percent below its late 2007 level.
In short, the Main Street economy has been failing for years, and now the massive debt deflation [the paying down of debt rather than consuming] under way will aggravate that condition enormously [since GDP is 70% consumption], leaving millions of citizens to depend on intermittent employment in low-paying part-time jobs or to fall back on family, friends, charity, or nothing at all.” – David Stockman, The Great Deformation.
A breadwinner job is a job that is sufficient to support a family, including rent or mortgage, car payment, adequate food and nutrition, health care, education and savings for retirement. That meant a job paying $50,000 a year in 2007 when the US economy peaked. At that time there were 71.8 million “breadwinner” jobs in construction, manufacturing, white-collar professions, government and the like. These jobs accounted for more than half of the nation’s 138 million total payroll.








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