For all the White House’s bragging about the strength of the economy, most Americans still don’t approve of President Joe Biden’s performance on this issue. That’s likely because they have been left behind, especially native-born Americans.
This is perhaps most evident in figures from the Labor Department’s Bureau of Labor Statistics. If one looks only at the headline numbers in each monthly report, the economy appears to be off to the races. Nonfarm payrolls are up, and unemployment is down.
But few analysts have bothered asking questions like what kinds of jobs are being added to the economy, how much they pay, who has the jobs, or why the unemployment rate is so low.
The economy is not adding high-paying, full-time jobs that come with benefits. The number of full-time jobs was roughly flat over the last 12 months, so essentially all the job growth was…
