Friday 3 August 2012
Low-paying jobs are here to stay ☀
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.
“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.
