The Economic Policy Instutute says more than 1/4 of American workers will have "low-paying" jobs in the year 2020. In fact four of the occupations with the lowest wages are set to grow by the end of this decade - farming, property maintenance, personal care and health care support. From the USA Today:
The economy won't support much growth in jobs with higher salaries, said Rebecca Thiess, policy analyst at the left-leaning Economic Policy Institute, who crunched government data to come up with these projections.
"Far too many economic pundits take for granted that the economy of the future will demand far greater skills and credentials," she wrote in a recent paper.
And lousy paying jobs are getting even lousier, as their pay has fallen. Workers at this end of the pay scale actually found their wages shrank in recent years, according to NELP. Between early 2008 and early 2011, low-wage workers' median pay contracted by 2.3%, more than double the rate of mid-wage employees.
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