Monday, February 29, 2016

PLEASE CHECK THE FACTS: Average Monthly Employment Change By Wage Level

Justin Wolfer writes, "If you've heard the talking point that the economy is only creating low-wage jobs, please consult the facts, instead."




(Data via Wolfer)

3 comments:

  1. By eye the analysis here looks much the same as what it is being used to argue against. It's just presented differently, using a shorter time scale, and including $91+/hr job types not typically in those. Just because the most recent numbers look a bit better doesn't mean the longer time scale view of this 7 year recovery is false. It looks like the facts are the same, it just depends on the particular analysis. Can't say much else without the original source.

    Also of course $10/hr and lower is falling in 2014 and 2015, those jobs are being made illegal.

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    Replies
    1. hmmm wonder what the $91 buck an hour jobs is?

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    2. I'm guessing that's bankers, finance, traders, etc. The 'low wage recovery' charts usually look at 'service' (waiters, bartenders, retail) vs. 'manufacturing' (farming, mining, construction, etc), and sometimes government.

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