linkage to the chart
Well so much for everything being mcjobs and wallyworld greeters...
linageThe Wall Street Journal has a story today (sr) on which sectors are expanding and contracting since June 2003. So here is some fairly substantial evidence on the question of which kind of jobs the US economy is creating in the latest economic expansion.
Some of them are service jobs that pay below the average. Some are service jobs that pay above average. Some are in construction. Some are in mining. Some are in architecture. Health services. Computer design. They're from all over the economy. Some are good jobs. Some are great. Some not so great. There's also these great numbers:
According to data compiled by UBS Securities, in the past year, the economy has produced 899,000 jobs in industries in which average wages exceed the national average of roughly $15 an hour, such as Internet publishing and engineering. It has produced 905,000 jobs in industries with below-average wages, such as food services and building-supply retailers.
Not surprisingly, about half of the jobs are in above-average paying sectors. About half are in below-average paying sectors.
Well so much for everything being mcjobs and wallyworld greeters...
