Monday, December 28, 2015

What Greensboro's elected leadership and wealthiest who own them are partly responsible for

"From January 1999 through November 2015, the Greensboro-High Point metropolitan statistical area lost 32,500 goods-producing jobs, which typically pay high wages...

During the same period, the metro area gained 40,200 service jobs, which pay lower wages and offer employment with less stability and fewer benefits.

The kind of jobs Greensboro's City Council 
has provided taxpayer funded incentives for
at the expense of similar business owners down the street
who lose business to the subsidized connected
joined at the hip with our local pay to play politicians
including Tony Wilkins, who is clearly in Marty Kotis' pocket,
yet no one seems to want to call him on it, 
as Marty owns the local Republican headquarters building. 

Although the national unemployment rate, at 5 percent, has returned to its pre-recession level, unemployment in the Greensboro-High Point metro, at 5.5 percent in November, remains above the 5.3 percent rate of January 2008.

Richard Barron quotes garbage unemployment math
conjured by national rigged statistical agencies
as he is the property of Warren Buffett
who, along with very few others,
are the actual owners of our country

North Carolina’s median annual household income in 2014 was $47,000, down from an inflation-adjusted $53,000 in 1999, according to the U.S. Census Bureau.

...In the coming year, many people who have jobs or are looking for work in the state and the Greensboro-High Point area will swim against a rising tide of low-wage jobs and corporate policies that make it more difficult to land steady work with health insurance and other benefits

...Raleigh, Charlotte and Durham-Chapel Hill added 383,000 employed workers from January 2007 through November.

...But the Greensboro-High Point MSA hardly contributed to that number, adding only 3,342 employed workers during the same period.

So let's build a new, very expensive performing arts center
for Roy Carroll, Jim Melvin, Randall Kaplan and friends

...The number of unemployed people in the entire metro region has grown by 1,900 people to 21,000 since 2007.

...Many of those who are employed aren’t working in well-paying manufacturing jobs that once were the foundation of this region’s economy.

Service jobs in restaurants, hotels and some health-care enterprises are the only jobs thousands of workers can find, and the region’s wages are declining as a result.

The average weekly wage in Guilford County was $834 in the first quarter of 2015, a drop of $51 a week from the $886 wage in the first quarter of 2014"

Contact Richard M. Barron at (336) 373-7371, and follow @BarronBizNR on Twitter.