America's Wage Gap Just Keeps Getting Worse
From www.citylab.com | Aug 19, 2014
by Richard Florida
The economic paradox facing the United States becomes clearer every day: Even as the economy recovers, the gap between the haves and have-nots gets worse.
The U.S. economy now has more jobs than it did before the Great Recession. But the jobs being added are largely low-paying ones, and the wage gap between high and low income earners has grown substantially, according to a new report released this month by the U.S. Conference of Mayors and based on analysis from IHS.
Consider the gap between Americans’ annual wages before and after the Great Recession. As the report notes, the U.S. economy lost 8.7 million jobs in 2008 and 2009. The authors found that the average annual wage in sectors that experienced job losses in those years was… read more>