Study says low-wage workers remain gloomy about their future
The Monroe Evening News has this piece from Associated Press today – Survey: Low-wage workers gloomy about future.
As a workforce sector, those earning $35,000 or less annually are generally pessimistic about their finances and career prospects. Many see themselves as worse off now than during the recession, a two-part Associated Press-NORC Center for Public Affairs Research survey of workers and employers shows. …
Roughly 65 percent of the jobs the U.S. economy added since the recession officially ended in June 2009 have been lower-wage ones.
Despite those numerical gains, “lower-income households have been hit very hard and have not benefited as much from the recovery,” said Mark Zandi, chief economist at Moody’s Analytics. “Their real wages are going nowhere. And this is a group that has more debt, fewer assets, is less likely to own a home or stocks and with little capacity to absorb higher gasoline prices.”