Tuesday, December 16, 2003

Another item requiring no comment

This is from Bob Herbert's column in the New York Times for December 15.
The problem is that we are not creating many jobs, and the quality of those we are creating is, for the most part, not good. Job growth at the moment is about 80,000 per month, which is not even enough to cover the new workers entering the job market.

And when the Economic Policy Institute compared the average wage of industries that are creating jobs with those that are losing jobs, analysts found a big discrepancy. The jobs lost paid about $17 an hour, compared with $14.50 an hour for those being created.
I had a little more about this on Saturday.

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