Friday, March 22, 2013

post credit crisis mass swap down.... mid to low wage jobs

"About two-thirds of all job losses resulting from the recession were in moderate-wage occupations, such as manufacturing, skilled construction, and office administration jobs. "


" these occupations have accounted for less than one-quarter of subsequent job gains."

" The declines in lower-wage occupations--such as retail sales and food service--accounted for about one-fifth of job loss,"

" a bit more than one-half of subsequent job gains. "


" recent job gains have been largely concentrated in lower-wage occupations
 such as retail sales, food preparation, manual labor, home health care, and customer service  "

"about one-quarter of all workers are considered "low wage"

"low wage was defined as $23,005 per year or $11.06 per hour"



"the average wage for new hires have actually declined since 2010."

No comments:

Post a Comment