Posted on 05/14/2015 1:48:13 PM PDT by AngelesCrestHighway
WASHINGTON (MarketWatch)—Since the Great Recession ended in 2009, commentators have often railed against an economy that seemed to only create lowest-wage jobs. But a new study of labor market data by the Kansas City Fed has found the opposite is true. The study concludes that job growth has been strong for middle-skill and high-skill workers, but has remained weak for low-skill jobs. Middle-skill jobs rebounded in the first two years of the recovery and high-skilled jobs started to return in 2012, according to the study, which analyzed quarterly data from the Labor Department’s household survey. Growth in the upper two sectors has improved in each of the past three years, the study found. “Low-skill jobs remain the one segment of the labor market that has yet to return to prerecession growth levels,” the study concluded. Low-skilled jobs are typically service oriented, such as food-preparation, cleaning services, and security.
(Excerpt) Read more at marketwatch.com ...
There are plenty of low-skilled jobs. They just go to immigrants now.
It’s quite possibly true. It is the low skilled jobs that are being automated. You can into many businesses and see one cashier monitoring 6-12 automated checkouts when there would have been at least 4 cashiers previously.
I guess we can start sending all the immigrant fruit and veggie pickers back home.
“Growth in the upper two sectors has improved in each of the past three years, the study found...”
I don’t believe this at all!
My service industry job is far from low skill. And there are many more available if I feel the need to move on to down the road motors.
You got that right.
The other factor is ever-increasing government regulation/meddling in private employment contracts. They've made hiring into a colossal hassle, and prohibitively expensive.
People forget that the majority of jobs in this country still are provided by small family businesses. And government now has them in a choke hold.
Lying liars and the lies they tell. :-)
Those better be HIP Boots
Since the Great Recession ended in 2009....
Stopped reading at that point
Agreed.
Child care, elder care, cleaning, there’s plenty of work that can be done by people with almost no skills.
But what if those people are electing to do those jobs themselves to save money?
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