http://www.nytimes.com/2012/08/31/bu...inds.html?_r=1While a majority of jobs lost during the downturn were in the middle range of wages, a majority of those added during the recovery have been low paying, according to a new report from the National Employment Law Project.
The report looked at 366 occupations tracked by the Labor Department and clumped them into three equal groups by wage, with each representing a third of American employment in 2008. The middle third — occupations in fields like construction, manufacturing and information, with median hourly wages of $13.84 to $21.13 — accounted for 60 percent of job losses from the beginning of 2008 to early 2010.
high wage jobs were 19% of jobs lost during the recession, 20% of new jobs created since then
60% of middle wage workers were slashed in the darkest days, only 28% have come back
and at the bottom, $7.69 to $13.83: 21% of jobs lost were what used to be called "entry level"
a tragic, heartbreaking 58% of new jobs created since the end of the recession, which almost exactly coincides with the three years of obama's failed presidency, are the lowest on the rung
the greatest number of jobs created in the barack hussein obama "recovery" were in retail, averaging $10.97, followed by food prep and service, $9.04
and it's not like there's an abundance of these go-nowhere repositories of hopelessness, laments the gray lady (nyt)---there's so few net jobs to start with, any little inroad makes a large share
that's the new york times talking, folks---friday, august 31
where do you go to retrieve your self respect?
obama depends on the uninformed---but it's pretty hard not to know when you're hosing down the parking lot in your chick fil'a uniform
"many" of these jobs, she laments, are being filled by older workers whose retirement plans have been wrecked, with no currently conceivable hope of rebound
last week just about every major msm outlet out there (cbs, the globe which is owned by the times, cnn, usnwr) stopped what they were doing to report that middle class incomes have declined TWICE as fast AFTER the recession officially ended than they did DURING the worst days of the recovery
a very, very under-appreciated parameter in all poor-economy elections, standing powerfully beside unemployment rates, is WAGES
few talk about it but the pros all know
and WAGES in this hussein obama economy are, i believe, significantly worse than the pure bls numbers that come out on the first friday of every month
incidentally, obama will close his convention in charlotte with his acceptance speech thursday nite, and we will all awake the next morning to another pitiful bls report that shows more americans going on disability than finding new employment
it is what it is, you really need to learn to see moves ahead
oblivious obama sure can't
the middle class is hurting hard across the board, but the pain is particularly acute in two places---youth and those nearing retirement
no spin, lynn
seeya at the polls