HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Low-paying jobs are here ...
Introducing Discussionist: A new forum by the creators of DU

Thu Aug 2, 2012, 03:25 PM

Low-paying jobs are here to stay

NEW YORK (CNNMoney) -- Stuck in a job with lousy pay? Better get used to it.

Some 28% of workers are expected to hold low-wage jobs in 2020, roughly the same percentage as in 2010, according to a study by the Economic Policy Institute.

The study defines low-paying jobs as those with wages at or below what full-time workers must earn to live above the poverty level for a family of four. In 2011, this was $23,005, or $11.06 an hour.

The economy won't support much growth in jobs with higher salaries, said Rebecca Thiess, policy analyst at the left-leaning Economic Policy Institute, who crunched government data to come up with these projections.

http://money.cnn.com/2012/08/02/news/economy/low-pay-jobs/?google_editors_picks=true

Is there a term besides "fucked" for "at or below the poverty level"?

5 replies, 965 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply Low-paying jobs are here to stay (Original post)
IDemo Aug 2012 OP
salvorhardin Aug 2012 #1
woo me with science Aug 2012 #2
salvorhardin Aug 2012 #3
Trillo Aug 2012 #4
TBF Aug 2012 #5

Response to IDemo (Original post)

Thu Aug 2, 2012, 04:06 PM

1. I've been trying to tell people this for years

The economy won't support much growth in jobs with higher salaries, said Rebecca Thiess, policy analyst at the left-leaning Economic Policy Institute, who crunched government data to come up with these projections.

"Far too many economic pundits take for granted that the economy of the future will demand far greater skills and credentials," she wrote in a recent paper.


It's right there in the BLS projections for anybody who cares to take a look. All those STEM grads we're going to be turning out, all those kids we'll be forcing to take on mountains of student loan debt, there aren't going to be jobs for them except as fast food workers, shop clerks, and home health aides.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IDemo (Original post)

Thu Aug 2, 2012, 04:08 PM

2. It wasn't a recovery.

It was a deliberate restructuring of where the money goes...and we let them get away with it.

Have we had enough yet?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IDemo (Original post)

Thu Aug 2, 2012, 06:36 PM

3. Kick

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IDemo (Original post)

Thu Aug 2, 2012, 09:15 PM

4. Yes. Minimum wage.

Perhaps minimum waged.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IDemo (Original post)

Thu Aug 2, 2012, 09:17 PM

5. Rec for visibility. nt

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread