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44% of 18-64 year-old Americans earn less than $18,000 a year

44% of 18-64 year-old Americans earn less than $18,000 a year

According to a report by Brookings Institution, in spite of official reports showing unemployment is hovering near a five-decade low, 44% of Americans aged 18 to 64 are low-wage workers. As per the study, an estimated 53 million Americans have a median wage of $10.22 an hour and their annual pay is $17,950.

porcus 7 months

This is not surprising; young people lack skills and experience and do not command better wages. Older people are looking for employment to supplement their SSN or other retirement income. That's a good chunk of the people listed. Others are in extremely low-skill jobs - retail clerks, fast-food employees, janitors are all dead-end jobs that are super low-skill. These are not supposed to be permanent jobs, they are transitory to something better. You want to get paid more then learn a more valuable skill. It's as simple as that.

Scott 7 months

So the problem the article points out is that there are not enough middle income jobs for low skill workers. What types of jobs are these? I would say manufacturing jobs. The focus should be on making it economically desirable for companies to manufacture products here in the USA. The retail and service jobs just aren’t going to be middle income jobs. Globalization, government regulation, and bad trade deals have reduced the number of manufacturing jobs in the US. Federal and state government should be working in reversing this trend.

William 7 months

This simply goes to show that unemployment and the stock market are not the only measures that matter when ot comes to the economy. They may be important, but should be weighed with other factors. So yes unemployment may well be at an all time low, but if almost half of America is earning poverty wages, then the system will not be sustainable. It is not what you do but how you do it and likewise it is not just that unemployment is low that matters, but also the quality of jobs and employement opportunities.

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