ML-Implode News - Economic duplicity with low wage capitalism -- Nearly half of those that lost their job between 2009 and 2011 are working in a lower wage position. The hard financial reset button.

One telling stat of the recent recovery comes from a survey showing that of the 3 million people that lost jobs from 2009 to 2011 with 3 years of employment history and found a new job, roughly half are making less than they did before. You have a case of someone making $100,000+ for many years in Atlanta and then ending up on food stamps a few years later. Or the story of someone making $70,000 and then losing it all because of dramatic shifts in the economy. Not all jobs are created equal and unfortunately, many of the recent additions in the employment market have been in the low wage capitalism side

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Economic duplicity with low wage capitalism -- Nearly half of those that lost their job between 2009 and 2011 are working in a lower wage position. The hard financial reset button.