95% of new jobs created during Obamas tenure were part time or contract

Thus, these figures imply that employment in traditional jobs (standard employment arrangements) slightly declined by 0.4 million (0.3 percent) from 126.2 million in February 2005 to 125.8 million in November 2015.

Unfortunately, we cannot determine the extent to which the
replacement of traditional jobs with alternative work arrangements occurred before, during or after the Great Recession.

But it appears that as of late 2015, the labor market had not yet fully recovered from the huge loss of traditional jobs from the Great Recession.

Many possible factors could have contributed to the large increase in the incidence of alternative work arrangements for American workers from 2005 to 2015 that we have documented in this paper. Although a fuller evaluation will have to await further research, here we provide an initial evaluation of some leading explanations.

The first explanation is that alternative work is more common among older workers and more highly educated workers, and the workforce has become older and more educated over time. A shift-share analysis, however, indicates that shifts in the age and education distribution of the workforce account for only about 10 percent of the increase in the percentage of workers employed in alternative work arrangements from 2005 to 2015.

Other supply-side factors, such as a possible increase in demand for flexible work hours (perhaps supported by the increased availability of health insurance as a result of the Affordable Care Act) may also have contributed, although it is unlikely that supply-side factors account for the lion’s share of the rise in alternative work arrangements since the rise in employees who are hired out to other firms through contract firms or temporary help agencies accounts for more than half of the overall rise in the share of employment in alternative work arrangements in the last decade.

Second, technological changes that lead to enhanced monitoring, standardize job tasks and make information on worker reputation more widely available may be leading to greater disintermediation of job tasks. Coase’s (1937) classic explanation for the boundary of firms rested on the minimization of transaction costs within firm-employee relationships. Technological changes may be reducing the transaction costs associated with contracting out job tasks, however, and thus supporting the disintermediation of work.

Third, Abraham and Taylor (1996) argue that contracting out is often sought because firms seek to restrict the pool of workers with whom rents are shared, as well as to reduce the volatility of core employment. A rise in inter-firm variability in profitability is thus consistent with a greater desire for contracting out to reduce rent sharing (although increased contracting out could also have contributed to the rise in inter-firm variability in profits). Relatedly, Weil (2014) argues that competitive pressures are causing a “fissuring” of the workplace, with either workers being misclassified as contract employees or work being redefined to make greater use of
contract workers and independent contractors.

Finally, it is plausible that the dislocation caused by the Great Recession in 2007-2009 may have caused many workers to seek alternative work arrangements when traditional employment was not available. Although we cannot assess how much of the rise in alternative work arrangements occurred in the aftermath of the Great Recession, if this is the case then one might expect a return to a lower percentage of workers employed in alternative work arrangements over time, as the effects of the recession continue to fade.

DWags wrote:Jesus, idiot starts thread and does no analysis of study. Does Rollie laffy guy. Two obviously educated guys make it interesting.

Thanks.

DWags wrote:Jesus, idiot starts thread and does no analysis of study. Does Rollie laffy guy. Two obviously educated guys make it interesting.

Thanks.

DWags wrote:Jesus, idiot starts thread and does no analysis of study. Does Rollie laffy guy. Two obviously educated guys make it interesting.

Thanks.

The_Dude wrote:I will say it's true older people still have a stubborn mindset in what constitutes a 'traditionally good job' and with the changing world it's not what a lot of people strive for anymore.

AnomanderRake wrote:

DWags wrote:Jesus, idiot starts thread and does no analysis of study. Does Rollie laffy guy. Two obviously educated guys make it interesting.

Thanks.

I'd say it is one of the better contributions I've seen from The_Dude since I joined the board. Maybe didn't achieve his desired intent but it at least led me and Turtleneck to read some quality research on the recent changes in the labor economy.

TheReal_LWS wrote:

The_Dude wrote:I will say it's true older people still have a stubborn mindset in what constitutes a 'traditionally good job' and with the changing world it's not what a lot of people strive for anymore.

We need every new job for the illegals that steam across the border. Until Trump builds the wall.

DWags wrote:

AnomanderRake wrote:

I'd say it is one of the better contributions I've seen from The_Dude since I joined the board. Maybe didn't achieve his desired intent but it at least led me and Turtleneck to read some quality research on the recent changes in the labor economy.

And now he's edited the laffy rollie guy out. It's a legitimate story that is interesting because of your and TN analysis. I also agree that we've been living in a changing economy and those who believe that manufacturing jobs will somehow reappear in our country are being fooled by those who want to be elected.