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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez | |
:: Wednesday, February 25, 2004 ::
Jobs Not Well Done By David Moberg, In These Times
But the problem isn’t simply the loss of 2.4 million jobs since the recession started—the greatest sustained job loss since the Great Depression, according to EPI—and anemic jobs creation. There’s also a shift for the worse in the kinds of jobs available. On average, the jobs being lost pay 21 percent more than those in growth industries, says EPI researchers Michael Ettlinger and Jeff Chapman.
The long period of job loss also is taking its toll on people who are still employed: Real hourly wages fell for middle- and low-wage workers last year even as economic output grew, says Jared Bernstein and Lawrence Mishel of EPI. But not everyone lost out. Profits have grown dramatically, claiming a share of the growth in the corporate sector more than double the average of past recoveries.------------------------------------------- posted 5:23 AM :: reference link ::
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