There are two problems with the jobs recovery: Employers haven’t added enough jobs. And those they have added aren’t particularly good ones.
The former problem has gotten a lot of attention, with many economists and politicians talking about job growth averaging less than 100,000 a month last year, not enough to keep up with population growth or make a significant dent in unemployment.
But experts say the low-wage jobs that have been added are also a serious problem — putting downward pressure on wages and keeping consumer spending in check. Get the full story »