Better Work
01/02/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, jobs picture, low wages, middle skilled jobs, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
Despite little, if any, expected real wage growth in 2014, the jobs picture is likely to improve. This is because the percentage of new jobs in notoriously low paying sectors like retail trade, restaurants, temporary help and home healthcare should decline while the number of jobs in manufacturing, construction and other middle skilled jobs increases. This improving job mix will lead to increases in take-home pay and improved consumer spending.