Welcome to the New World Job Order

From Z-Mag:

This past October, Wal-Mart, the largest employer in the U.S. with revenues of more than $310 billion a year, announced it was going to double the number of its workers employed part-time —from 20 percent to 40 percent of its total work force—while reducing full-time jobs by yet unknown thousands at the company. Given Wal-Mart’s total U.S. employment of 1.3 million, that means 260,000 more Wal-Mart workers will now make roughly half of what full-time employees earn. What little health and other company-paid benefits the 260,000 had as full-time employees will be reduced or eliminated. Wal-Mart will save an estimated $3.042 billion a year in wages and benefits by doubling its part-time work force to 40 percent, for a total of 520,000 part-timers. . .

. . . 60 million workers in the U.S. don’t have a regular, permanent, full-time job any more in America. That’s more than 40 percent of the entire employed U.S. work force.