Fwd: Re: [Marxism] The Day of Reckoning on the Home Front
cutemdown2003 at yahoo.com
Fri Jun 4 15:19:39 MDT 2004
Good point about the difference in pay between lost jobs, and new ones. During the Clinton years half of the 22 million jobs created (gross, NOT net) paid less than $7 per hour, which is the equivalent of about $8-8.50 per hour now. I would take exception to the term "solid job market recovery" since the recent 1.2 million jobs are still a deficit of 800,000 from the 2 million jobs lost in the last 3 years.
Louis Proyect <lnp3 at panix.com> wrote:
>With a solid job market recovery underway, it is useful to examine the
>industries that have been growing as a share of total employment and
>those that have been losing share. Most industries are now adding
>jobs, but some are doing so at a below-average pace and thus losing
>ground as a share of total employment. On average, the industries that
>are expanding as a share of total employment pay lower wages than those
>that account for a smaller share of the total.
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