The Phaserl


The minimum wage economic recovery

44 percent of jobs added since recession ended come from low-wage industries paying $10 an hour or less.


One data point that should give you a perspective on our current economy is that we have more people working in the food services industry than we do in the manufacturing sector.  Working in the food sector comes with little benefits, low wages, and minimal job security.  The recent recovery in the stock market has been driven by easy credit, companies cutting wages, and firms pushing on retirement and healthcare costs down to workers.  This is great for profits, not so much for workers.

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