Better Work

By Econ70 | 01/02/2014

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.…

Read More

Wishing for Wages

By Econ70 | 03/26/2013

While the economic recovery will soon enter its fifth year, wage growth is invisible. In part, it’s because unemployment is high, but also because more and more jobs are in leisure/hospitality and retail. These two sectors now account for 21% of US employment, yet pay just $13/hour and $16/hour respectively. Manufacturing pays $23/hour, yet employs…

Read More