(FORBES) Kenneth Rapoza, August 22, 2017 — New job? Great. Many of them will pay China-like wages.
There is a new 1.2 million square foot Amazon warehouse in the downtrodden Massachusetts city of Fall River. It used to be a mill town, where mostly Portuguese, French and Lebanese immigrants stitched together suits and curtains for sale at Macy’s and Woolworth’s, both retail power houses owned by the richest men of the day. The city boomed as a cheap labor hub for New York for about fifty years then quietly slipped into oblivion. Average income in this dinosaur mill city is just $35,000 a year, below the national average, and far below thestate’s average income too.
Yet, count those thousands of new jobs at the Amazon warehouse on Friday’s blockbuster jobs report.
It is without irony that Reuters used a picture of a FedEx delivery center in its headline report on today’s news of 2.5% higher wages this year, and the super low 4.3% unemployment rate. Former president Barack Obama truly did give President Donald Trump a head start.
Back in Fall River, MA, where 19% of the population are foreign born (more than the national average of around 13%), and at least a third of them are on the Supplemental Nutritional Assistance Program (SNAP), popularly known as food stamps, Amazon’s hiring spree here won’t make a dent in those numbers.