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New report paints dire picture of low-wage jobs

11 0 0
14.11.2019
By Joe Guzzardi

The Brookings Institution's Metropolitan Policy Program just released a study that casts serious doubt on President Donald Trump's insistence that the economy is improving, and that the employment market is strong.

Brookings' findings confirm that working doesn't necessarily translate into earning a decent wage.

Despite record low 3.6 percent unemployment, the Brookings' report, "Meet the Low-Wage Workforce," shows that 53 million Americans ― 44 percent of all workers age 18 to 64 ― hold low-wage jobs, earn median hourly wages of $10.22 and have a $17,950 median annual income.

Brookings' research revealed that low-wage workers are racially diverse: Fifty-two percent are white, 25 percent are Latino or Hispanic, 15 percent are African-American, and 5 percent are Asian American.

Both Latino and black workers are overrepresented relative to their share of the total workforce, as are women who account for 54 percent of low-wage workers, higher than their 48 percent total workforce share.

Economic........

© The Korea Times