Economy

Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not. – The New York Times

U.S. unemployment is down and jobs are going unfilled. But for people without much education, the real question is: Do those jobs pay enough to live on?

Source: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not. – The New York Times

“Over the last 40 years, the economy has expanded and corporate profits have risen, but real wages have remained flat for workers without a college education. Since 1973, American productivity has increased by 77 percent, while hourly pay has grown by only 12 percent. If the federal minimum wage tracked productivity, it would be more than $20 an hour, not today’s poverty wage of $7.25.”

We need an economy that works for all. To do this we need jobs that pay a living wage and a world class public education system that prepares our children to to be successful in the new technology economy.