Topics

Illegal Immigrants
The new normal in employment: underemployment

To the editor: The labor picture of long-term unemployment, part-time employment and underemployment for a significant population of workers could well be the new normal. ("Freelance workers a growing segment of California economy," Aug. 2) Corporations are benefiting from this situation, as it keeps labor costs low. Along with outsourcing, spinning off less profitable company divisions and relocating headquarters overseas, it increases profits and stock values. In this environment, even the employed are afraid to change jobs, which keeps employers in the driver's seat and wages stagnated. Without a paradigm shift, there will be no incentive for change. Erwin...

Loading