New Jobs Offering Lower Wages

A new report from the National Employment Law Project is indicating that while most of the jobs that have been lost due to the downturn of the economy were middle income wages, the new jobs that are being added are typically low income positions.

Anyone that has been through a recession in the past has seen this happen before. Yes, employers may not have the funds to hire in people at the middle wage area, but many take advantage of the situation and hire because they know they will find someone to work cheaply.

There has been an increase in the lowest wage positions and during desperate times, overqualified people end up filling these jobs. Currently there is what is being called a ‘good job deficit’ and the only ones that are profiting from it are employers that play the game.

Sources:
http://www.nytimes.com/2012/08/31/business/majority-of-new-jobs-pay-low-wages-study-finds.html?hp
http://www.cbsnews.com/8301-505145_162-57504243/during-recovery-most-new-jobs-offer-low-wages/

The information supplied in this article is not to be considered as medical advice and is for educational purposes only.