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Workers Taking Lower-Paying Jobs

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  • Description

    FBN's Liz MacDonald breaks down the problems with U.S. job growth and quality.

  • Duration 1:56
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Are right they say that it is quality -- quality but what happens when the quality of jobs created is not up to snuff that is happening right here.

What -- dollars up on the news and thinking in this -- -- Low paying jobs are being added so this is a story -- about the low paying jobs being added not the higher jobs that we need to be added and.

This country yeah that's right Sheryl the US economy is -- a little over one point nine million jobs since January 2011.

As -- note bear lower paying a lower quality quality jobs and the US treasury is seeing that -- the federal tax did in fact the US treasuries seeing.

310 million dollars less than income tax with holdings of vs twenty I -- to my eleven vs January 2012.

And the numbers are also borne out in a recent Moody's analytics.

Studied that is basically estimating what the labor forces go to look like through 2050 look at these numbers here Cheryl.

They're gonna see Moody's estimated that low -- -- jobs will dominate the US labor force 42%.

By 2015.

And -- -- 39%.

Will be the mid wage jobs that's 50000 dollars below wages are about.

25000.

Dollars only one out of five jobs will be the high wage jobs those making a hundred grand or less so we're talking about.

Cashier's.

Food prepares.

You know health care workers and also they -- trends behind this.

Narrative here -- is basically bosses get -- dictate.

What is going -- for workers for -- every one job opening.

Lot of jobs going overseas the boomers retiring meaning more restaurant workers and health care workers.

And also we're seeing state workers are losing their jobs as property tax revenues decline back teacher who live in -- great story of course we would like to the income gap change.

Maybe it won't happen this year but maybe soon -- -- great story thank you very much.

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