Yamarone illustrates how, despite the nominal increase in employment, the quality of emplyment is plummetting

"I'm fortunate enough to travel and speak to chambers of commerce with 300 to 500 people in the audience.  They all tell me, `Hey, listen, I am letting go of workers.  I'm hiring them back at a fraction of what I used to pay them.'

You hear from the other side, `Hey, I finally got a job after two years of being unemployed.  I used to make $100,000 (each year), now I'm making $45,000 or now I'm working part time.'  Or (you hear), `I used to make $500,000 and now I'm making $200,000 or making $125,000.'...

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