January 20, 2004
The economic state of the nation.
This magpie's stomach wasn't strong enough to let us watch Dubya on television, so we really don't know yet what he actually said in the State of the Nation address. Even so, we're sure he didn't say anything about this, though.
In 48 of the 50 states, jobs in higher-paying industries have given way to jobs in lower-paying industries since the recession ended in November 2001. Nationwide, industries that are gaining jobs relative to industries that are losing jobs pay 21% less annually. For the 30 states that have lost jobs since the recession purportedly ended, this is the other shoe dropping—not only have jobs been lost, but in 29 of them the losses have been concentrated in higher paying sectors. And for 19 of the 20 states that have seen some small gain in jobs since the end of the recession, the jobs gained have been disproportionately in lower-paying sectors.
It's looking more and more like there's a low-paying job in all of our futures.
Via Economic Policy Institute.
Posted by Magpie at January 20, 2004 10:29 PM | TrackBack