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Most new jobs in "economic recovery" are low-paying
31 Aug 2012 19:53 #1
by otisptoadwater
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
Lower-paying jobs, with median hourly wages from $7.69 to $13.83, made up about 58% of the job growth from the end of the recession in late 2009 through early 2012.
nation.foxnews.com/sites/nation.foxnews....mcdowellscropped.jpg
By Jim Puzzanghera, Los Angeles Times
September 1, 2012
WASHINGTON — Whereas 6 in 10 jobs lost during the Great Recession paid mid-level wages, the majority of jobs created in the recovery — positions such as store clerks, laborers and home healthcare aides — pay much less, according to a new study.
The findings highlight concerns about a shrinking middle class and pose another obstacle to getting the economy back on track, said Annette Bernhardt, policy co-director at the National Employment Law Project, which conducted the study.
"The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America's deficit of good jobs," she said. "While there's understandably a lot of focus on getting employment back to pre-recession levels, the quality of jobs is rapidly emerging as a second front in the struggling recovery."
Lower-paying jobs, with median hourly wages from $7.69 to $13.83, accounted for just 21% of the job losses during the recession. But they've made up about 58% of the job growth from the end of the recession in late 2009 through early 2012.
Those jobs have been concentrated in three industries: food services, retail and employment services, such as office clerks and customer service representatives, the study found.
In contrast, mid-wage occupations with median hourly wages from $13.84 to $21.13 — jobs such as construction workers, real estate brokers and data entry clerks — have accounted for just 22% of the new jobs in the recovery after making up 60% of the job losses in the recession.
Read more: http://www.latimes.com/business/la-fi-low-paying-jobs-20120901,0,6882432.story
nation.foxnews.com/sites/nation.foxnews....mcdowellscropped.jpg
By Jim Puzzanghera, Los Angeles Times
September 1, 2012
WASHINGTON — Whereas 6 in 10 jobs lost during the Great Recession paid mid-level wages, the majority of jobs created in the recovery — positions such as store clerks, laborers and home healthcare aides — pay much less, according to a new study.
The findings highlight concerns about a shrinking middle class and pose another obstacle to getting the economy back on track, said Annette Bernhardt, policy co-director at the National Employment Law Project, which conducted the study.
"The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America's deficit of good jobs," she said. "While there's understandably a lot of focus on getting employment back to pre-recession levels, the quality of jobs is rapidly emerging as a second front in the struggling recovery."
Lower-paying jobs, with median hourly wages from $7.69 to $13.83, accounted for just 21% of the job losses during the recession. But they've made up about 58% of the job growth from the end of the recession in late 2009 through early 2012.
Those jobs have been concentrated in three industries: food services, retail and employment services, such as office clerks and customer service representatives, the study found.
In contrast, mid-wage occupations with median hourly wages from $13.84 to $21.13 — jobs such as construction workers, real estate brokers and data entry clerks — have accounted for just 22% of the new jobs in the recovery after making up 60% of the job losses in the recession.
Read more: http://www.latimes.com/business/la-fi-low-paying-jobs-20120901,0,6882432.story
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
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