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NYT: Recovery Has Replaced Good Jobs With Bad Jobs

From the New York Times:

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones

By ANNIE LOWREY | April 27, 2014

WASHINGTON — The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

“Fast food is driving the bulk of the job growth at the low end — the job gains there are absolutely phenomenal,” said Michael Evangelist [sic], the report’s author. “If this is the reality — if these jobs are here to stay and are going to be making up a considerable part of the economy — the question is, how do we make them better?”

Remember how Bush was attacked for creating ‘hamburger flipping jobs’? But for some reason Obama isn’t responsible for this development.

But the solution is not to create better jobs. The solution is to pay the hamburger flippers more.

The report shows that total employment has finally surpassed its pre-recession level. “The good news is we’re back to zero,” Mr. Evangelist said.

But job losses and gains have been skewed. Higher-wage industries — like accounting and legal work — shed 3.6 million positions during the recession and have added only 2.6 million positions during the recovery. But lower-wage industries lost two million jobs, then added 3.8 million.

With 10.5 million Americans still looking for work — the unemployment rate is 6.7 percent — employers feel no pressure to raise wages for those who are working. As a result, the average household’s take-home pay has declined through the recession and the recovery to $51,017 in 2012 from $55,627 in 2007, after adjusting for inflation.

So the average house-hold’s income as declined almost $5,000 under Obama. But that just tells the NYT that we need to raise the minimum wage. (Oh, and grant amnesty to 11 million illegal aliens.)

With joblessness high and job gains concentrated in low-wage industries, hundreds of thousands of Americans have accepted positions that pay less than they used to make, in some cases, sliding out of the middle class and into the ranks of the working poor…

The swelling of the low-wage work force has led to a push for policies to raise the living standards of the poor, including through job training, expansion of health care coverage and a higher minimum wage. President Obama has supported a Democratic proposal to lift the federal minimum wage to $10.10 an hour from its current level of $7.25.

“Nobody who works full-time should ever have to live in poverty,” Mr. Obama said on Saturday in his weekly address. “That’s why nearly three in four Americans support raising the minimum wage.”

Raising it to $10.10 would “lift wages for nearly 28 million Americans across the country,” he said. “We’re not just talking about young people on their first job. The average minimum-wage worker is 35 years old. They work hard, often in physically demanding jobs.” …

But many Republicans oppose raising the wage floor while the economy remains weak. And many businesses staunchly oppose higher minimum wages because of the threat to their bottom lines…

Republicans are so mean. Let’s raise the minimum wage to $30 an hour. That way everyone will be in the middle class.

This article was posted by Steve on Monday, April 28th, 2014. Comments are currently closed.

One Response to “NYT: Recovery Has Replaced Good Jobs With Bad Jobs”

  1. GetBackJack says:

    … and yes, I do want fries with that order.

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