Bruce Nissen
Bruce Nissen
Bruce Nissenis a professor of labor studies and director of research at the Center for Labor Research and Studiesat Florida International University. He also formerly directed that university's Research Institute on Social and Economic Policy...
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We're heading into a crisis. It's got to be a critical question for public policy.
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Our strength (in Florida) is job creation, and our weakness is the quality of those jobs. It's nice that (high-tech) is growing, but it's not nearly as significant as they'd like you to believe.
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Our economy was expanding, we were growing jobs and we could absorb shocks like this. It's not the massive impact people thought in the first place. It's actually a relatively small bump in the road.
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It's a very vulnerable work force at the lower end of the spectrum.
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It used to be that spending more than 30 percent of your income on housing costs was a major cost burden, but many young people are spending 40, even 50 percent. Housing price and rents both have tripled, way faster than income.
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The job market is expanding but 80 percent of these new jobs don't require a college degree. So your choices are working at either Burger King or Wal-Mart where, obviously, the pay is not good.