Jobs for everyone

THE American economy has been remarkable in recent years in continuing to expand. Good news. The flip side of the coin, however, is not so shiny. A substantial number of the new positions involve relatively low- paying service tasks; moreover, fewer new jobs are geared to the middle class and above. As a study just released by the congressional Joint Economic Committee concludes, more than half of the 8 million jobs created between 1979 and 1984 paid less than $7,000 a year. Meantime, the number of new jobs paying $28,000 or more declined.

It would be unhealthy for the United States to develop a rigidly fragmented, two-tier wage structure. The immediate effect would be felt by young people and college graduates entering the labor force, although all workers could ultimately be affected. Some studies of the job market for college graduates seeking work next spring suggest that while starting salaries will be higher in a number of key fields, slightly fewer positions will be available overall.

Young people, or older, experienced workers, can take some comfort in the knowledge that their individual job prospects are not determined by the general employment market. Employers are always eager to find workers possessing acumen, industriousness, and inventiveness.

At the same time, Washington should be alert to the implications of the economic trend now under way. Policies should be devised to stem a further loss of higher-paying manufacturing jobs. Tax policies can be honed to encourage job formation in general. The United States must avoid developing a sharply segmented, two-tier job market - with the growing jobs sector anchored at the lower end of the economic scale.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK