April 21, 2017

The shrinking job market

Alternet - Most of our new jobs are in service industries, including retail and health care and personal care and food service. Those industries generally don't pay a living wage. In 2014, over half of American workers made less than $15 per hour, with some of the top employment sectors in the U.S. paying $12 an hour or less.

Worse, most underpaid workers are deprived of the benefits higher-income employees take for granted. A Princeton study concluded that a stunning 94 percent of the nine million new jobs created in the past decade were temporary or contract-based, rather than traditional full-time positions.

Even at high-flying Google, where privileged employees can make six-figure salaries plus thousands more in stock and cash bonuses, about half of the workforce is made up of temps, contractors and vendors.

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