September 1, 2012
HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Majority of New Jobs Pay Low Wages, Study Finds. “While 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. . . . Low-wage jobs have not been growing especially quickly in this recovery; they account for such a big share of job growth mostly because midwage job growth has been so slow.”
I remember during the Bush recovery in 1992, we heard a lot of experts denigrating the President for an economy that was only creating “McJobs.” Will we hear that this election cycle?
UPDATE: Ed Morrissey was all over this one yesterday.