80% OF US WORKERS LIVE FROM PAYCHECK TO PAYCHECK

© blogfactory

Professor David Graeber

Professor of Anthropology at the LSE.

The Bullshitisation of the Economy Has Only Just Begun: pointless labour, digitisation, and the revolt of the caring classes

Almost 80% of US workers live from paycheck to paycheck

America doesn’t have a jobs crisis. It has a ‘good jobs’ crisis – where too much employment is insecure, and poorly paid.

The proliferation of useless forms of employment.
Up to50% ofjobcandidates are ‘ghosting’ their interviews, and employers … is this year you’ll likely hear the same thing: findinggood people .

nearly 40% of Americans aren’t working

only 59.2% of Americans have a job.

Sun 29 Jul 201811.00

Workers protest for more money outside a McDonald’s in Miami, Florida.
Workers protest for more money outside a McDonald’s in Miami, Florida. Photograph: Joe Raedle/Getty Images

The official rate of unemployment in America has plunged to a remarkably low3.8%. The Federal Reserve forecasts that the unemployment rate will…

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