Income and Wage Gaps

Posted on August 11, 2014 by admin

• Jobs coming back post-recession, but with much lower pay, study says, By Kathy Bergen, August 11, 2014, Chicago Tribune: “The U.S. has regained the 8.7 million jobs lost in the recession, but the average wage has dropped 23 percent, according to a U.S. Conference of Mayors study released today. The report, ‘U.S. Metro Economies: Income and Wage Gaps Across the U.S.,’ also found a widening income gap between the rich and poor, with the highest earning 20 percent of households gaining the most. Chicago mirrored the national trend…”
• Lower-paying jobs dominate economic recovery, study finds, By Chris Kirkham, August 11, 2014, Los Angeles Times: “The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors. Job losses in the higher-paying manufacturing and construction sectors were largely replaced by jobs in lower-wage industries, including hospitality and healthcare, the report said…”