The recovery isn’t jobless, a new report finds. However, most new jobs are in lower-wage, lower-skill occupations such as cashier, shelf stocker or food preparation worker, according to The Good Jobs Deficit (pdf), a National Employment Law Project report. Sixty percent of jobs lost in the recession were in middle-wage occupations, while 73 percent of jobs added pay less than $13.52 an hour. That explains all those college-educated bartenders.
Source: National Employment Law Project analysis of Current Population Survey
The number of lower-wage jobs is close to the pre-recession peak, while mid-wage jobs are 8.4 percent below the peak and higher-wage jobs are 4.1 percent below their former peak.
The lowest third of the nation’s occupations pay $7.51 to $13.52 an hour, according to the report. That would equal $15,621 to $28,122 a year for a full-time worker. In the middle third, workers earn $13.53 to $20.66 an hour or $28,142 to $42,973 a year. High-wage occupations in the top third range from $20.67 to $53.32 an hour or $42,994 to $110,906 for yearly full-time work.
Real wages are down 0.6 percent since the recession’s start, the report concludes: Median wages fell 2.3 percent for the bottom third and 0.9 percent for the middle third. Wages rose by 0.9 percent for workers in the top third.