Jobs are hot. Paychecks? Not so much

Researchers at Brookings Institution say rosy jobs numbers each month don’t tell the whole story.
Its analysis found 53 million workers aged 18 to 64 earn “barely enough to live on.” That is a stunning 44 percent of the labor market whose median earnings are just $10.22 an hour, or about $18,000 a year. Typically, these are low-wage workers in big box stores and malls, restaurants and bars, janitors and housekeepers, child care workers and home health aides.
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“It would be a mistake to assume that most low-wage workers are young people just getting started, or students, or secondary earners, or otherwise financially secure,” the researchers write. They write that about two-thirds of low-wage workers are in their prime earning years of 25 to 54.

Article URL : https://www.cnn.com/2020/01/10/business/wage-growth-jobs-market/index.html

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