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swag

(26,490 posts)
Sat Jan 11, 2020, 09:22 PM Jan 2020

Low unemployment isn't worth much if the jobs barely pay (Brookings)

https://www.brookings.edu/blog/the-avenue/2020/01/08/low-unemployment-isnt-worth-much-if-the-jobs-barely-pay/?fbclid=IwAR2Gv68Jpuo-NsyK81BnQOu24DeTh1YjMA73_loTOMnLY_iWnh3X23z_l58

Martha Ross and Nicole BatemanWednesday, January 8, 2020

Excerpt:

In a recent analysis, we found that 53 million workers ages 18 to 64—or 44% of all workers—earn barely enough to live on. Their median earnings are $10.22 per hour, and about $18,000 per year. These low-wage workers are concentrated in a relatively small number of occupations, including retail sales, cooks, food and beverage servers, janitors and housekeepers, personal care and service workers (such as child care workers and patient care assistants), and various administrative positions.

Just how concerning are these figures? Some will say that not all low-wage workers are in dire economic straits or reliant on their earnings to support themselves, and that’s true. But as the following data points show, it would be a mistake to assume that most low-wage workers are young people just getting started, or students, or secondary earners, or otherwise financially secure:

-Two-thirds (64%) of low-wage workers are in their prime working years of 25 to 54.

-More than half (57%) work full-time year-round, the customary schedule for employment intended to provide financial security.

-About half (51%) are primary earners or contribute substantially to family living expenses.

-Thirty-seven percent have children. Of this group, 23% live below the federal poverty line.

-Less than half (45%) of low-wage workers ages 18 to 24 are in school or already have a college degree.

These statistics tell an important story: Millions of hardworking American adults struggle to eke out a living and support their families on very low wages.

. . . more

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Low unemployment isn't worth much if the jobs barely pay (Brookings) (Original Post) swag Jan 2020 OP
How can this be? Ohiogal Jan 2020 #1
I see tons of seniors working in Southern CA now BigmanPigman Jan 2020 #2
I see tons of seniors, some in their 80's, here in the suburbs of Chicago, IL working.... machoneman Jan 2020 #3
K&R! KPN Jan 2020 #4
K and R..Thank You for posting..Outstanding Post.. Stuart G Jan 2020 #5

Ohiogal

(32,129 posts)
1. How can this be?
Sat Jan 11, 2020, 09:33 PM
Jan 2020

Jason Chaffetz famously stated a few years ago that poor people are poor because they make bad choices like spending money on cell phones! So if only the working poor would make better choices, this problem would go away!

BigmanPigman

(51,646 posts)
2. I see tons of seniors working in Southern CA now
Sat Jan 11, 2020, 10:57 PM
Jan 2020

when I never did only 10 years ago. I know the poverty level in CA is different due to the cost of living here. 18+% live in poverty in CA currently.

"This has made California the most expensive state — with a median home value of $550,000, about double that of the nation — and created a growing supply of three-hour “super commuters.” And while it has some of the highest wages in the country, it also has the highest poverty rate based on its cost of living, an average of 18.1 percent from 2016 to 2018. That helps explain why the state has lost more than a million residents to other states since 2006, and why the population growth rate for the year that ended July 1 was the lowest since 1900."

https://www.democraticunderground.com/104022232

machoneman

(4,016 posts)
3. I see tons of seniors, some in their 80's, here in the suburbs of Chicago, IL working....
Sun Jan 12, 2020, 08:40 AM
Jan 2020

...those same menial jobs noted in the article. Food/produce stockers, cashiers, door checkers, light maintenance workers and the like. The few I had the nerve to ask did state they had to work for the usual variety of reasons (health costs, food, rent, etc.) and they had no end in sight for any form of retirement.

Some likely made poor choices in life that caused them to not have any retriement funds. But I'll venture the vast majority did nothing wrong but suffered a host of setbacks (good job termination at age 50 which many firms do today, poor health, the loss on one income with a partner losing their job or doing so due to poor health, etc.). What's worse IMO is that many much younger folks never really made good money, have zero disposable income after the necessities are paid and can't afford to fund any savings. Those low unemployment numbers do hide the fact that so many jobs today are low pay (that $10/hr number is actually high in my estimation as cash-paid farm workers aren't in the survey I'll bet) that can't even support a minimalist life style.

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