Sunday, January 10, 2010
New Jobs Could Mean Less For Recovery
KENTUCKY...
According to a recent Columbia University study of white- and blue-collar workers, managers and hourly workers, as more employers are starting to hire, the new jobs typically pay less than the ones that were lost. The study made the point that although hiring does take place, it historically is at a lower level of pay than the originally lost job. The difference runs as much as 20% lower. Even projected over a twenty year period the new hires never regain the pay level previously enjoyed. According to government data, a job is a job, but the study shows those who earn less will also spend less, and contribute less to the recovery.
According to a recent Columbia University study of white- and blue-collar workers, managers and hourly workers, as more employers are starting to hire, the new jobs typically pay less than the ones that were lost. The study made the point that although hiring does take place, it historically is at a lower level of pay than the originally lost job. The difference runs as much as 20% lower. Even projected over a twenty year period the new hires never regain the pay level previously enjoyed. According to government data, a job is a job, but the study shows those who earn less will also spend less, and contribute less to the recovery.
# posted by Homer Owens @ 2:00 PM 
