A “servant class” that serves the needs of the country’s top one percent is among one of the fastest-growing job markets in the United States, economic analysis finds.
As about 1.2 million mostly low-skilled legal immigrants are admitted to the U.S. every year to take primarily low-wage jobs, an underclass of servants for the wealthy has boomed over the last decade compared with overall job growth.
Research by MIT’s David Autor reveals that servant class jobs like manicurists and pedicurists have grown 114 percent between 2008 and 2018. Meanwhile, all U.S. jobs have grown just seven percent in that same time period….
Since the Great Recession and President Obama’s economic recovery, the U.S. has seen an expansion of income inequality where elite zip codes added more business establishments between 2012 and 2016 than the entire bottom 80 percent of zip codes, as Breitbart News reported. For instance, while more than 180,000 businesses have been added to rich zip codes, the country’s bottom tier has lost more than 13,000 businesses, even after the economic recovery.
h/t Coastie Patriot