It's Not Just the Jobs Lost, but the Pay in the New Ones
Monday, August 9, 2004 at 01:23AM
TheSpook
The earnings gap between the highest-paid
employees and the rest of the work force is still widening, as it has
over most of the last 30 years. The trend is most striking in
factories, which accounted for the bulk of job losses in the last three
years and tended to pay above-average wages. In contrast to previous
recoveries, when companies rehired a large proportion of laid-off
workers, manufacturers have added only 91,000 jobs this year, having
eliminated more than two million jobs in the previous three years. The
largely permanent decline in manufacturing employment, which has been
more acute after this recession than in previous ones, spans all levels
from blue-collar workers through senior management. It has coincided
with a bulge in the number of jobs in low-paying fields that are
comparatively easy to enter: retail sales, hotel services and clerical
work. The ragged pattern of the recovery has given rise to the
political debate, with Senator John Kerry, the Democratic nominee,
saying that new jobs pay, on average, $9,000 a year less than the jobs
that were lost. [more]
Article originally appeared on (http://brownwatch.com/).
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