Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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

(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.

Jobs added to the economy don't pay as well as those lost, research finds.
Jobs added to the economy don't pay as well as those lost, research finds.   (Shutterstock)
« Prev« Prev | Next »Next » Slideshow

The overarching message here is we don’t just have a jobs deficit; we have a ‘good jobs’ deficit. - Report author Annette Bernhardt

« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
3%
5%
77%
3%
1%
10%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 101 comments
AnitaWynn
Aug 31, 2012 8:05 PM CDT
No friggin kidding! HELLO!!!
ddhartma
Aug 31, 2012 4:29 PM CDT
For everyone that is surprised or is complaining about this, how do you recommend American businesses compete in a "world market" where any manufacturer in the world can take advantage of the low labor rates in China, Vietnam, India, and third-world countries? It is one thing to complain about it, but another to offer a way of fixing it.
fancygapva
Aug 31, 2012 2:59 PM CDT
No shit. In 1995 I contracted as a consultant for $65 an hour. I got paid for every hour that I worked. By the time I retired this past year rates for psychological services had dropped to $60 an hour and I was only getting paid for about 1/3 the time I worked due to changes in government regulations that both added on paperwork and required me to do it without pay, added on services (such as telephone consultation) that I was required but not paid to do. And I worked for that (basically a 2/3 cut in pay) and was glad to get it because the market had so shrunk for services that I (and other providers in the Developmental Disabilities field) performed.
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne