More Jobs Than Ever But Worse Pay. New Jobs Pay 23% Less Than Jobs Recently Lost

"Two Corporate Cultures: WalMart Compared To Costco"

http://paxonbothhouses.blogspot.com/2013/07/two-corporate-cultures-walmart-compared.html

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"From early 2010 through mid-2014, while the economy gained a little more than 9 million jobs, the fastest growth came in the low-paying accommodation and food sector; this year the average annual wages in the sector are just under $21,000. Only the fifth-fastest-growing sector since 2010 has been a high payer: professional, scientific, and technical employment, with average annual wages in today’s dollars of about $87,000. For job-gaining sectors as a whole, the weighted average of pay has been just $47,171 a year. The 'wage gap,' in the report’s terms, is a shortfall of 23 percent, which is even bigger than the 12 percent gap following the 2001 recession." Peter Coy in Bloomberg Businessweek.