Fastest growing jobs don't even pay minimum wage
- From: "Joe S." <anon@xxxxxxxx>
- Date: Tue, 21 Feb 2006 05:26:05 -0500
The Bush junta and their apologists just love to hold hands and dance around
each month when the Bureau of Labor Statistics reports the unemployment
figures. We are told by the official propaganda that GWBush has "created"
XXXXX jobs this month, that the unemployment rate is holding steady, and
GWBush should be President for Life because he's doing such a great job
keeping our economy revved up.
Beneath the raving from clowns who don't know what they are talking about is
a much darker story. Here is part of that story.
http://newstandardnews.net/content/index.cfm/items/2836
QUOTE
Fastest-growing Jobs Losing Real Value
by Brendan Coyne
Feb. 20 - Recent statistics show that the fastest-growing jobs in the US
also happen to be those with the lowest compensation. At the same time, the
minimum wage is, in real dollar terms, the lowest it has been since its
enactment in 1947.
The Bureau of Labor Statistics (BLS) last month reported that the official
unemployment rate had fallen to 4.7 percent.
Buried in the rosy economic scenario portrayed by recentBLS reports is the
fact that few jobs in the fastest-growing categories pay well. According to
the BLS January jobs report, food-service and service-provider jobs grew a
combined 69,000 in January.
The report was followed this month by the BLS annual Occupational Outlook
Handbook, which projects continued rapid growth in demand for
home-healthcare workers, medical assistants and personal-care aides, all
service-related jobs that generally pay little more than the minimum wage.
Though service-related employment categories do include managerial and
non-supervisory positions that are better compensated, the majority of such
jobs pay little more -- and in some cases, such as restaurant workers,
less -- than the minimum wage, which is now less than a third of the average
hourly wage, according to an analysis released by the Economic Policy
Institute Friday.
Of the 30 fastest-growing occupations, six do not require higher education
and another eight demand just an associate's degree.
According to the EPI, which advocates for a higher wage floor, the minimum
wage has been consistently below 40 percent of the average hourly wage for
23 years and has been falling steadily since 1998, the last time it came
near the 40 percent mark. Last month, the average hourly wage was $16.41,
more than three times the federal minimum.
END QUOTE
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