Posted on 05/21/2015 7:43:44 AM PDT by SeekAndFind
Guess what? This isn’t a low-wage job recovery. Listen to the media, and you might think that the only kind of jobs being created are in fast-food restaurants and retail chains. It turns out that this is wildly misleading and that the economy’s employment profile — the split between high- and low-paying jobs — hasn’t changed much since the recession or, indeed, the turn of the century.
Put differently, the share of high-wage jobs is just below one-third of all employment, roughly where it was in 2000 and 2007 — the last year before the financial crisis. Similarly, the share of low-paying jobs is about one-quarter of the total, not much different from 2000 and 2007.
The figures come from Elise Gould of the Economic Policy Institute (EPI), a left-leaning research and advocacy group. At my request, she examined whether the recession has shifted the economy’s job distribution.
To do this, she divided businesses into three groups by their pay. Today’s average hourly pay is $25. Low-paying employment is dominated by restaurant and hotel jobs (2015 average hourly rate: $14.12) and retail jobs ($17.21). Midlevel jobs include manufacturing ($23.90), health care and education ($24.97) and construction ($26.91). Finally, high-paying jobs included professional and business services ($29.59), finance ($31.10) and utilities ($36.02).
(Excerpt) Read more at washingtonpost.com ...
Nonsense. Every one of the additional jobs (approx. 270,000) cited in last month’s employment data was a part time job.
Yeah you bunch of knuckle-dragging Neanderthals living in fly-over country..you don't know how good you've got it..trust him..he is from Washington..knows what's good for us...
That’s the weaselly part of this essay: he doesn’t distinguish between part time and full time jobs. In fact the words “part time” do not appear in it.
| Low | Middle | High | |
| 2000 | 24.4 | 43.9% | 31.7% |
| 2007 | 25.0 | 43.3 | 31.6 |
| 2015 | 25.7 | 42.7 | 31.7 |
Source: Economic Policy Institute
The above table shows how jobs were distributed in 2000, 2007 — again, the economy’s pre-financial crisis peak — and in 2015.
He then argues that little has changed in 15 years. There’s been a small and gradual increase in low-paying jobs and a parallel loss of midlevel jobs. Both trends preceded the recession and have continued.
Yep. Another layer of chocolate coating on the turd by the MSM. Average smaverage. How about MEDIAN wages and average hours per week? These figures are inflated. The average retail clerk in my state (Oregon) makes far less than $17.21hr. My daughter is an emergency room RN in Oklahoma. Started 2 years ago and makes $28.00hr. BS!
Another question be: How many of those over-$60,000 a year "high wage" jobs are in the public sector, paid for by taxes on everyone else?
The Washington Post must think it is not part of “the media”.
Force these morons to live under their BS lie of $29/hr being a higher wage for at least a year. They’ll never maintain their current lifestyle which I’m sure is more than twice the amount of their interpretation of higher wages.
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