The Patriot Post® · 'Recovery' Jobs Pay Far Less Than Jobs Lost to Recession

A new study from the US Conference of Mayors and IHS Global Insight reveals (again) that the Obama “recovery” is far from stellar when it comes to jobs and wages. “In 2008 and 2009 the US economy lost 8.7 million jobs,” the study says. “By examining the sectors from which the jobs were lost, most notably manufacturing and construction, we find that the average annual wage in sectors (current wages weighted by number of jobs) where jobs were lost in the downturn was $61,637. A similar accounting of the jobs gains through 2014 q2 shows average wages of $47,171 per year. This wage gap, at 23%, is significantly larger than that of the earlier recession and recovery, and implies $93 billion in lower wage income.” So remind us again who’s waging war on the middle class. More…