7 things I underlined in the most discouraging column I read in this morning's paper
Did you read it?
1. Among 334 larger counties in the nation, Pinellas County registered the biggest annual decline in weekly wages — down 4.3 percent to $802 — from September 2012 to September 2013.
2. Among larger metropolitan areas nationwide, Tampa Bay ranks among the 10 with the lowest average increase in wages and salaries from 2009 to 2012. In 2009, Tampa Bay wages averaged $40,590. By 2012, they averaged $42,230, an increase of just $1,640, say BLS data.
3. The number of workers making less than $13 an hour now exceeds prerecession levels by almost 1.9 million.
4. More jobs is a good thing, right? Sure, but there are nearly 2 million fewer jobs in mid- and higher-wage industries than there were before the recession.
5. ... higher-wage jobs constituted 41 percent of recession losses, but only 30 percent of the recovery.
6. Lower-wage work is concentrated in administrative and support services, food services, retail and tourism — our specialty — which pay median wages below $13 an hour.
7. Is it really getting better?
This, too, ran in today's Times: In essence, the poor economy has replaced good jobs with bad ones.