By Sarah Jaffe, AlterNet
Posted on August 2, 2011, Printed on August 3, 2011
http://www.alternet.org/story/151888/how_recession_is_hastening_the_wal-martization_of_america
With all the focus on the drama surrounding the debt ceiling, and the much-too-late focus on the economic pain the final deal's austerity agenda will inflict, items that really matter—jobs, jobs, and jobs--have been all but ignored.
But a new report by the National Employment Law Project looking at the jobs created since the recession officially ended brings the focus sharply back to jobs, and its findings are frightening: 73 percent of the jobs created since the supposed economic recovery began have been in low-wage fields, where workers make between $7.51 (the national minimum wage) and $13.52 an hour ($15,621 to $28,122 a year for full-time).
In contrast, 60 percent of the layoffs from the Great Recession were in what the report calls midwage occupations, those that make between $28,142 and $42,973 per year.
“But in the weak recovery to date, employment growth has been concentrated in lower-wage occupations, with minimal growth in midwage occupations and net losses in higher-wage occupations,” the report notes.
Click to read more ...