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Response to jtuck004 (Reply #1)

Tue Sep 15, 2015, 04:57 PM

3. High-paying jobs outpacing others in recovery - contrary to the popular lament


A new study concludes that high-paying jobs have grown the fastest in the economic recovery, casting doubt on the widespread lament that low-wage jobs have dominated payroll growth since 2010.

The report, by Georgetown University's Center on Education and the Workforce, says its findings are more accurate than prior analyses that cite a prevalence of low-paid jobs because it evaluated occupations rather than industries.

Based on that measure, nearly 3 million, or 44%, of the jobs added from 2010 to 2014 were high-paying positions with salaries above $53,000. Only 1.9 million, or 29%, of the newly formed jobs were middle-wage ($32,000 to $53,000) and 1.8 million, or 27%, were low-wage (less than $32,000).

"We're not just creating lousy jobs," says Anthony Carnevale, head of the Georgetown center and co-author of the report. "It's more good jobs than bad jobs."

NOTE: nowhere in this post will you find the words "we're in Heaven". That lack notwithstanding, this is good news.

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