Not all jobs are created equal

Not all jobs are created equal
February 1, 2011 by Jeffrey Tucker

Just what we suspected: In 2010, "76% of jobs created were in low- to mid-wage industries ­ those earning between $8.92 to $15 an hour, well below the national average hourly wage of $22.60. But the biggest problem is continued job losses in higher-wage industries severely hit by the bursting of the housing bubble ­ construction and financial services."