New jobs and the concentration of wealth
Title: New jobs just don't pay well
Source: Knight Ridder Newspapers
Date: March 15, 2004
From the article:
- While politicians and news media reports have focused on the numbers of jobs lost and gained in this U.S. recovery - a net loss of 2.3 million jobs since 2001 - little has been said about the disparity in pay between jobs lost and jobs gained.
- "A national study says the new jobs being created pay 21 percent less than the jobs they replace."
- "In December, 4.79 million involuntarily worked part time, compared with 3.25 million in December 2000, federal labor statistics show."
- "Some jobs are being created in education, health care services or hospitality, but they pay less, have poor benefits, and they certainly don't pay pensions like the old jobs did,"