The Goat Pen

eCat wrote: ↑Mon Dec 02, 2019 5:33 pm "In 1990, the jobs were pretty much evenly divided" said Daniel Alpert, a founder of Westwood Capital and one of the creators of the index. In the process of running the numbers, he said, "We discovered that 63% of all jobs that were created since 1990 were low-wage, low-hour jobs. That was a pretty stunning statistic."

To calculate the index's value, the researchers split up the jobs created every month into those that pay above average and those that pay below average, and then divide one figure into the other. An index value below 100 means there are more lower-paying jobs relative to higher-paying jobs; a value above 100 means the opposite.

This month, the index is just over 80, meaning there are 80 high-paying jobs for every 100 low-paying jobs. That's a stark drop from 1990, when there were 94 high-paying jobs for every 100 low-paying jobs.

"There aren't enough 'good jobs' to go around," the Brookings Institution proclaimed earlier this month, when it released a report that found 44% of all workers are low-wage workers. These workers make a median pay of just $18,000 a year.

https://www.cbsnews.com/news/american-j ... c-measure/

hedge wrote: ↑Wed Dec 04, 2019 8:39 am Gabbard didn't take down anybody but herself...