|Posted by Jerrald J President on December 6, 2019 at 9:40 AM|
44% of American workers are employed in low-wage jobs that pay median annual wages of $18,000. Men Lie, Women Lie Numbers Don't! By JJP
Report: Nearly half of American workers have low-wage jobs
By Matthew Segura | Posted: Tue 12:41 PM, Dec 03, 2019 | Updated: Tue 12:58 PM, Dec 03, 2019
MONROE, La. (KNOE) - A new report indicates that nearly half the working American population has a problem.
According to a Brookings Institution analysis, unemployment may be down, but there aren't enough good jobs to go around.
They say 44% of American workers are employed in low-wage jobs that pay median annual wages of $18,000.
The report says their median hourly wages are $10.22. That's higher than the federal minimum wage which sits at $7.25. The minimum wage in Louisiana is also $7.25.
That's nearly half of the American workforce who don't make what's considered a living wage. According to MIT, a living wage for a single person in Louisiana is $11.28. The poverty wage for a single adult with two children is $9.99.
This isn't just a problem for workers who are young or inexperienced, according to the report. The low-wage workforce is primarily made up of post-college age adults and older Americans.
56% of them are ages 25-50. 19% of them are ages 51-65.
23% of low-wage workers have an associate's degree or more. Add in the number of workers who are in school or have some college education and that number jumps to 48%.
Job Quality Index data appears to back up the analysis. It assesses job quality in the United States and measures the "direction and degree of change in high-to-low job composition."
While the JQI chart shows increases and declines in job quality since its inception in 1990, the trend has generally been a downward one. According to the index, job quality has declined by 14.3% since 1990. The index most recently began to trend upward in 2012 but started to drop again in 2017. You can see it here.
Most workers appear to feel it. A CBS report in October said 6 in 10 workers rate their job quality as "mediocre to bad."