Breitbart says that only 47% of Americans have a full time job. According to the Department of Labor, there are 116 million Americans working full time. The actual picture is much bleaker than that. There are about 4.5 million Federal employees. There are also 19 million local and state full time government employees. Subtracting those from the employment, and we see that there are only 93 million Americans working full time in the private sector. That’s right- only about 1/3 of America is working to support the other 2/3.
This is being caused by the high cost of government mandated benefits for full time employees, in my opinion. A full time employee gets FMLA leave, free health insurance, and many other costly perks that part time employees do not. These benefits have pushed the cost of hiring full time employees past a critical tipping point, where the cost of hiring, training, and managing multiple part time employees is less than the cost of paying expensive perks and benefits. It is now cheaper to hire 2 people at 24 hours a week than it is to hire one person at 40 hours per week.
This will only accelerate the fall that I have been talking about for years. Hang on, this crash is going to hurt.

