Monday, April 28, 2014

Obama’s low-wage jobs recovery

From James Pethokoukis at the American Enterprise Institute:


The current job market recovery has been an historically slow one...

But the problem isn’t just the quantity of jobs created
but the quality, too.

...during the recovery (measured from February 2010 to February 2014), employment gains have been concentrated in lower-wage industries.

Specifically:

Lower-wage industries constituted 22 percent of recession losses, but 44 percent of recovery growth.

– Mid-wage industries constituted 37 percent of recession losses, but only 26 percent of recovery growth.

Higher-wage industries constituted 41 percent of recession losses, and 30 percent of recovery growth...

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Link: http://www.aei-ideas.org/2014/04/obamas-low-wage-jobs-recovery/

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