{"id":360149,"date":"2011-04-02T08:12:04","date_gmt":"2011-04-02T08:12:04","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/02\/report-says-decent-jobs-won%e2%80%99t-support-standard-of-living\/"},"modified":"2011-04-02T08:12:04","modified_gmt":"2011-04-02T08:12:04","slug":"report-says-decent-jobs-wont-support-standard-of-living","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/02\/report-says-decent-jobs-wont-support-standard-of-living\/","title":{"rendered":"Report says decent jobs won\u2019t support standard of living"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Africa\/International<\/a> \u00bb Report says decent jobs won\u2019t support standard of living<\/p>\n

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\t\t\t \tPage last updated at Saturday, April 2, 2011 8:08 AM \/\/ <\/span>\n\t\t\t <\/div>\n

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\"\"<\/a>It\u2019s most welcome news that job growth seems to be picking up again\u2013even if we\u2019ll need a whole lot more of it to get back to where we were before the Great Recession.<\/p>\n

Still, as we\u2019ve reported, there\u2019s growing evidence that the new jobs, many of which are in sectors like retail, food services, and health care, simply aren\u2019t as good\u2013in terms of wages, hours, and seniority\u2013as the ones they\u2019re replacing. And a report released today only adds to the concern.<\/p>\n

The study, commissioned by the nonprofit group Wider Opportunities for Women, looks at how much income it takes to support a basic standard of living for an American family\u2013and finds that many of the jobs of the future won\u2019t pay enough to provide that.<\/p>\n

To calculate this \u201ceconomic security\u201d income, the study\u2019s authors certainly didn\u2019t assume a lavish lifestyle. They considered basic needs\u2013housing, food, utilities, health care, child-care, and transportation\u2013plus the cost of modest saving for retirement and a small surplus for emergencies. (At at a time when economic \u201cshocks\u201d are increasingly common, that\u2019s an essential part of financial security.) They don\u2019t factor in some things many of us take for granted, like entertainment or eating out.<\/p>\n

The result? To achieve economic security, a single parent with two children needs an income of just over $30,000 a year\u2013nearly twice the federal minimum wage\u2013while a two-income household needs almost $68,000.<\/p>\n

The study then finds that, according to Labor Department projections, fewer than 13 percent of jobs to be created by 2018 will meet the economic security threshold for a single parent with two kids. Forty-three percent of those jobs will meet the threshold for a two-income household.<\/p>\n

In other words, most of the jobs of the future aren\u2019t likely to pay enough to offer the kind of stable, middle-class existence that for much of the 20th century was seen as the American birthright.<\/p>\n

\u201cThe American Dream of working hard to support your family is being re-written by the growth of low-paying industries and rising expenses,\u201d said Joan Kuriansky, WOW\u2019s executive director.<\/p>\n

Indeed, this seems to be the new reality of the American economic landscape. Gary Burtless, an economist with the Brookings Institution, noted in a statement on the government\u2019s jobs numbers that real earnings fell 1.1 percent between October and February\u2013a development he attributed to the still-high unemployment rate, which is eroding workers\u2019 bargaining power.
Source: Yahoo News<\/p>\n

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