Low-paying jobs are here to stay

[salvorhardin]

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.