This is going to be the "new" American economy in some ways.
1) The job sector with the highest amount of growth in the past decade has been the service industry. Traditionally low wage, low hour, low to no benies jobs.
2) The American economy is 70% dependent on retail sales/consumption of goods and services.
Those 2 things work against one another. Lower wage paying jobs do not provide the disposable income needed to keep fueling the economy. The less money people make, the less they have to spend, which plays out in the economy being stalled. The only way to boost the economy back up really is: 1) higher wage paying jobs ..2) changing the economy from a consumption based one back to a manufacturing one 3) Change the governmental policies that not only encourage but help companies prosper by outsourcing/offshoring/insourcins 4) creating a new manufacturing sector here in the US .
at 5:32 PM on Dec. 8, 2010