May 7, 2016
NO ONE WANTS TO BE PAID WHAT THEY'RE WORTH:
The Job Market's Missing Middle (Mark Whitehouse, 5/06/16, Bloomberg)
Why are so many people unhappy about a U.S. economy that has generated more than 12 million jobs over the past five years? One explanation: A lot of those jobs don't pay very well.The latest U.S. employment report illustrates a persistent contrast between the labor market and the broader economy. Non-farm employers added an estimated 160,000 jobs in April -- less than forecasters expected, but still more than enough to compensate for natural growth in the labor force. The unemployment rate has remained at a low 5 percent (or even lower) for seven months straight.
Posted by Orrin Judd at May 7, 2016 9:29 AM