Alpha Natural just announced today layoffs in WV that will eliminate 1000 jobs
August 1, 2014 3 Comments
Alpha Natural just announced today layoffs in West Virginia that will eliminate 1,000 jobs. That’s right 1000 jobs!!! These are mining jobs with average pay of $65,000 per year. If we could create 1000 jobs in WV over the next year (which we can’t) they would pay somewhere around $35,000 per year.
For every 1 job lost we need 2 created to keep the tax base and contribution to the economy the same. Losing high paying jobs and replacing them with low paying jobs is the hallmark of the Obama administration. That’s why the economy remains in a rut and can’t gain footing and extract itself. A friend traveled to 12 states meeting with clients and new clients and many have new jobs and the story is the same in all 12 states.
“Yes I’ve found a new job but I make less money than I did in 2008.”
He met with a union president who was awarded social security disability and he is retiring and no longer looking for employment. Between 2004-2008 he made over $100,000 a year installing clean coal technology in power plants. Since Obama was elected he’s been unemployed the majority of the time, but this is his best year of earnings, since 2008 which was under $60,000. A 40% pay cut from the Bush years.
According to CNBC, “Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.” The average pay of lost jobs in 2008 was $61,337 and the average salary of replacement jobs in 2014 is $47,181 nationwide
When you calculate the increased spending of 6 years of inflation and 23% less salary, the lagging economy makes sense. That’s why the Obama administration keeps vilifying the wage gap and insists we’re all unpatriotic if we don’t support raising the minimum wage to $15 per hour.
This President doesn’t care about working Americans, he cares about non-working Americans. If you’re on welfare you get a free cell phone, if you work, you’re treated with contempt.