{"id":263336,"date":"2024-10-28T17:31:14","date_gmt":"2024-10-28T17:31:14","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/28\/mcservice-job-nation-econbrowser\/"},"modified":"2025-06-25T17:10:42","modified_gmt":"2025-06-25T17:10:42","slug":"mcservice-job-nation-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/28\/mcservice-job-nation-econbrowser\/","title":{"rendered":"McService Job Nation? | Econbrowser"},"content":{"rendered":"

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Reader Moonmac<\/a> argues the case that we are in a recession, in a rejoinder my paper \u201cRecession since 2022? A Critique<\/a>\u201c:<\/p>\n

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McService Job Nation disagrees even though they\u2019re employed. Gainfully is a different matter.<\/p>\n<\/blockquote>\n

I think the data is suggests otherwise. While employment is growing at limited service restaurants (aka fast food restaurants), wages are growing both relative to average wages, and in real terms.<\/p>\n

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Figure 1:<\/strong> Employment in limited service restaurants, 000\u2019s (blue). Source: BLS.\u00a0<\/em><\/p>\n

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Figure 2:<\/strong> Average hourly wages in limited service restaurants (blue, left scale), in private nonfarm payroll sector (red, right scale), both in 2023$ (deflated using CPI-all urban). Source: BLS, and author\u2019s calculations.<\/em><\/p>\n

What is it about people that they don\u2019t look at freely available data? Is it Excel-phobia, or they can\u2019t do division even with a calculator?<\/p>\n<\/p><\/div>\n

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