Tuesday, August 12, 2014

Jobs lost paid $61,000. Jobs won paid $47,000. Really? So say the nation's mayors

From the U.S. Conference of Mayors:

Average  annual  wage  of  jobs  lost in  2008‐09  was  $61,637.

The average  wage  of  job  gains through the second  quarter  of 2014  equaled  $47,171.

This  wage  gap  of  23%  is significantly  larger  than that  of  the earlier  recession and  recovery (2000 ‐ 2006).

How bad is that loss?  About $93  billion  in  lower  wage  income...
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Link: http://usmayors.org/metroeconomies/2014/08/key-findings.pdf

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