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Mid-wage occupations, paying between $13.83 and $21.13 per hour, made up 60 percent of the job losses during the recession, but have made up just 27 percent of the jobs gained during the recovery. "Many mid-wage industries, such as construction, manufacturing, insurance, real estate and information technology, have either stagnated or grown too slowly to make up for their pre-recession losses."
"By contrast, low-wage occupations paying less than $13.83 per hour have utterly dominated the recovery, with 58 percent of the job gains since 2010.
Nearly 40 percent of the jobs gained in the recovery — about 1.7 million — have come from three low-wage sectors: food services, retail, and employment services (that last is a broad category encompassing jobs like office clerks and sales representatives)."
I think this is the damning stat, the fact is we need better paying jobs and we are not seeing them created whether it is because of stagnation, slow growth or virtual elimination of growth industries.
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