What do we know about job loss in the United States?
Evidence from the Displaced Workers Survey, 1984Â2004
Henry S. Farber
This Author is not near finishing the Work, but several elements glare. Government allocation of the term Temporary Employment should be altered, as Farber claims half of all New Jobs end within one year; this Author (without proof) believes this share of New Jobs has been increasing since the Spring of 2004, until it currently stands over 60%. Entry-level Wages evolve into the prime Characteristic of Employment under such Conditions, yet little Economic evaluation has been made of whether Entry-level Wages have been keeping pace with Inflation. It is probably the leading cause for the lack of Payroll growth.
A second fact lies in the Dropout Rate of Labor from the Employment rolls. The Dropout rate averages about 10% throughout the twenty years, basically unaffected by Expansion or Recession. Statement that Discouraged Workers have dropped from the Labor Force stands as a basic lie, simply a Government tactic to hide that the Unemployment Rate is about the same as the best nations of the EU. Statistics don't lie, and all that!
Farber finds less response to the cyclical pattern of Employment with higher education, but has not so far equated the rise of Temporary Help among the educated Labor; a circumstance, if included, might note a cyclical pattern shown of educated Labor simply being switched to temporary Employment--an employment in which the Worker must fund the Costs of interrupted Income and Employment search. Temporary Help traditionally loses Wages, Benefits, and Pension rights.
Some might have wondered why the Author has dropped from the Labor rolls. lgl