Low-wage jobs filling in for missing higher-paying positions
Millions of jobs have been lost to the recession, but they are starting to make a comeback. The difference is that they aren’t paying nearly as well as they used to.
That report comes from the Bureau of Labor Statistics, which found that a large number of jobs created since the employment drought of 2010 pay less than the jobs they’ve recently replaced.
According to NBC News, the report found that lower-wage industries accounted for 22 percent of job loss during the recession. That report says that 44 percent of jobs have been added just in the last four years. Higher-wage jobs accounted for 41 percent of job losses, but only 30 percent of those positions have returned.
Low-paying jobs like food services and temp jobs accounted for 39 percent of job gains since the market bottomed out roughly four years ago.
While the overall level of U.S. employment has recovered, job growth has been weakest in some of the highest paying industries. The Senate will soon debate a bill to increase the federal minimum wage to $10.10 an hour.