Low unemployment isn’t worth much if the jobs barely pay


13 bookmarks. First posted by LakeHighlandCongress 19 days ago.


“53 million people earn low wages, with a median of just $10.22 per hour. That’s nearly half of the 18 to 64 workforce. If we don’t face the reality of the labor market, we can’t make it better.”
Employment  Labor  Wages  Inequality 
6 days ago by Membranophonist
No society can long survive this
from twitter
13 days ago by Fallingbadgers
“Even with sunny job statistics, the nation’s economy is simply not working well for tens of millions of people.”
from twitter
15 days ago by kohlmannj
Each month, the Bureau of Labor Statistics releases its Employment Situation report (better known as the “jobs report”) to outline latest state of the nation’s economy. And with it, of late, have been plenty of positive headlines—with unemployment hovering around 3. Low unemployment isn’t worth much if the jobs barely pay
Archive  best  stories  hacker  news 
15 days ago by Agiza
In a recent analysis, we found that 53 million workers ages 18 to 64—or 44% of all workers—earn barely enough to live on. Their median earnings are $10.22 per hour, and about $18,000 per year. These low-wage workers are concentrated in a relatively small number of occupations, including retail sales, cooks, food and beverage servers, janitors and housekeepers, personal care and service workers (such as child care workers and patient care assistants), and various administrative positions.

Just how concerning are these figures? Some will say that not all low-wage workers are in dire economic straits or reliant on their earnings to support themselves, and that’s true. But as the following data points show, it would be a mistake to assume that most low-wage workers are young people just getting started, or students, or secondary earners, or otherwise financially secure
labor  jobs  income_inequality  poverty  r_vs_g 
17 days ago by perich
Each month, the Bureau of Labor Statistics releases its Employment Situation report (better known as the “jobs report”) to outline latest state of the nation’s…
from instapaper
18 days ago by davejavou