New US Jobs Pay Less Than Those Lost

We're suffering 'good jobs' deficit: analyst
By Matt Cantor,  Newser Staff
Posted Aug 31, 2012 11:43 AM CDT
New US Jobs Pay Less Than Those Lost
Jobs added to the economy don't pay as well as those lost, research finds.   (Shutterstock)

(Newser) – Yes, the economy's been adding jobs—but they don't match the pay of jobs that disappeared starting in 2008, a study by a liberal activist group finds. Some 60% of jobs lost between 2008 and 2010 were in the middle third of wages; these included jobs like manufacturing, construction, and information, earning between $13.84 and $21.13 and hour. But as the economy has added jobs, about 60% of them have been lower-wage positions like retail and food prep, the New York Times reports.

By contrast, only 21% of job losses were lower-wage positions, and midwage occupations have accounted for just 22% of recent gains, according to Labor Department statistics. More than 300,000 positions have been added to retail and food preparation since June 2009, making them the fastest-growing fields; top-paid jobs like engineering and surgery have also been growing relatively quickly. (Read more job market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X