Category: Income Inequality

Nearly half of American workers have low-wage jobs

12/12/2019

During the days of slavery in the south there was full employment also:

A new report indicates that nearly half the working American population has a problem.

According to a Brookings Institution analysis, unemployment may be down, but there aren't enough good jobs to go around.

They say 44% of American workers are employed in low-wage jobs that pay median annual wages of $18,000.

The report says their median hourly wages are $10.22. That's higher than the federal minimum wage which sits at $7.25. The minimum wage in Louisiana is also $7.25.

That's nearly half of the American workforce who don't make what's considered a living wage. According to MIT, a living wage for a single person in Louisiana is $11.28. The poverty wage for a single adult with two children is $9.99.

This isn't just a problem for workers who are young or inexperienced, according to the report. The low-wage workforce is primarily made up of post-college age adults and older Americans.

Comments

Income Inequality At Highest Levels Since 1920s

12/17/2016

Comments

No coincidence that it's the highest since just before the Great Depression. And it's been happening under Democratic and Republican administrations:

The income gap in the U.S. is the biggest that it has been since the 1920s, while income inequality has steadily increased over the last several decades, a new report found.

The paper, published by EPI for the Economic Analysis and Research Network (EARN), analyzed IRS data of income inequality trends between 1917 and 2012 and found that the top 1 percent of taxpayers have seen their incomes grow after the Great Recession alarmingly faster than the rest of Americans have in every single state except West Virginia.

Comments

99 Percenter Blog

Nearly half of American workers have low-wage jobs

Income Inequality At Highest Levels Since 1920s