So if the job expansion is in food services and drinking establishments my question is based on the assumption that these are not really "luxury" services then why during a slow down these would slow down? The usual price/income elasticity argument unless these are more of the disposable income based consumption,
I have examined the Japanese data (as well as the US data on services expansion). While the U.S. has a trade surplus on tradable services Japan has a deficit. But Japan is as much a service driven economy as the US structurally with a huge chunk employed in eating establishments. The underbelly of this is part time, temporary, contract.workers though they may be better off than US burger flippers due to minimum wage based income rather than tips based income (a practice I have come to detest and unwillingly support the system when I am back in the US). This is one commonality I can see for two very different type of capitalist economies operating within the imperatives of global capitalism although each one of them has its own distinctive dynamics. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa, Chair & Professor of Contemporary Indian Studies Australia India Institute and School of Social & Political Sciences University of Melbourne 147-149 Barry Street, Carlton VIC 3053, AUSTRALIA Ph: +61 3 9035 6161 Visit the Australia India Institute Website http://www.aii.unimelb.edu.au/ Recent Conference (The Land Question) http://idsk.edu.in/program.php New Book Series (Dynamics of Asian Development) http://www.springer.com/series/13342 Recent books: http://ukcatalogue.oup.com/product/9780198082286.do#.UI5Wzmc2dI0 http://www.oup.com/localecatalogue/cls_academic/?i=9780199646210 http://www.anthempress.com/pdf/9780857285041.pdf http://www.palgrave.com/products/title.aspx?pid=295354 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Sent from my iPad > On Jan 9, 2015, at 08:54, Louis Proyect <[email protected]> wrote: > > New Report: The Low-Wage Recovery: Industry Employment and Wages Four > Years into the Recovery (April 2014) > > This report updates NELP’s previous industry-based analyses of job loss > and job growth trends during and after the Great Recession. The report > shows that low-wage job creation was not simply a characteristic of the > early recovery, but rather a pattern that has persisted for more than > four years now. > > We find that during the labor market downturn (measured from January > 2008 to February 2010), employment losses occurred throughout the > economy, but were concentrated in mid-wage and higher-wage industries. > By contrast, during the recovery (measured from February 2010 to > February 2014), employment gains have been concentrated in lower-wage > industries. Specifically: > > --Lower-wage industries constituted 22 percent of recession losses, but > 44 percent of recovery growth. > --Mid-wage industries constituted 37 percent of recession losses, but > only 26 percent of recovery growth. > --Higher-wage industries constituted 41 percent of recession losses, and > 30 percent of recovery growth. > > Today, there are nearly two million fewer jobs in mid- and higher-wage > industries than there were before the recession took hold, while there > are 1.85 million more jobs in lower-wage industries. > > Service-providing industries such as food services and drinking places, > administrative and support services, and retail trade have led private > sector job growth during the recovery. These industries, which pay > relatively low wages, accounted for 39 percent of the private sector > employment increase over the past four years. > > full: http://www.nelp.org/page/content/lowwagerecovery2014/ > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
