Study: Recovery For Burger-Flippers Only
According to new analysis of unemployment data by the National Employment Law Project, while 60 percent of the jobs lost during the 2008-2009 financial crisis were in middle income occupations, the vast majority – 58 percent – of jobs created under President Obama are low-wage. Those jobs include “retail sales, food preparation, home health and customer service.”
“The recovery continues to be skewed toward low-wage jobs, reinforcing the rise in inequality and America’s deficit of good jobs,” said the author of the study, Annette Bernhardt. “While there’s understandably a lot of focus on getting employment back to pre-recession levels, the quality of jobs is rapidly emerging as a second front in the struggling recovery.”
Just half of US adults are currently middle class.