iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

State of the Union: Middle-Class Meltdown and the Minimum Wage

“Many American who lost middle-class jobs during the recession have been forced into low-paying positions, leading to a clamor for hikes in the minimum wage and more worker activism, according to the Los Angeles Times.

The National Employment Project calculated that of the 1.9 million jobs created during the recovery, 43 percent are in the low-wage industries of retail, food and employment services.

And according to the Bureau of Labor Statistics, about one-third of the 3 million Americans who lost their jobs from 2009 to 2011 saw their earnings drop by 20 percent or more upon finding new work. “

If you enjoy the content at iBankCoin, please follow us on Twitter

2 comments

  1. allottedebauchery

    Additional ammunition for an ever-growing stockpile against the libs.

    • 0
    • 0
    • 0 Deem this to be "Fake News"