Low-Paying Jobs Here To Stay [AUDIO]
Are you stuck in a low-paying job? Unfortunately, you better get used to it for at least the next few years.
According to a study by the Economic Policy Institute, roughly 30 percent of workers are expected to hold low-wage jobs in 2020, about the same percentage as in 2010.
“Its really going to take some aggressive action in Washington to turn things around. There is wage inequality, wage stagnation, and there is a lot for politicians to look at” said Rebecca Thiess, spokeswoman for the Economic Policy Institute.
She says the influx of low-paying jobs is not good for workers or the economy.
“More money in the pockets of people means not only healthier community environments, but also a healthier federal government.”
The economy is also at risk.
“About two-thirds of it is based on consumer spending and if people are making less money, that is less money that they are putting back into the overall economy.”
And since low-wage workers are more educated than ever before, she says many people are starting to re-think if college is worth the expense.
“Many people are starting to wonder if going back to school is necessary if they are just going to end up in a low-paying job with nowhere to advance” said Thiess.