Wednesday, October 15, 2008

U.S. Working Poor On The Rise, Says Report

The number of U.S. jobs paying a poverty-level wage increased by 4.7 million between 2002 and 2006, according to a new analysis of census data released Tuesday. The number of jobs with pay below the poverty threshold increased to 29.4 million, or 22 percent of all jobs, in 2006 from 24.7 million, or 19 percent of all jobs, in 2002."The real surprising news, the alarming news, is that both the number and percentage of low-income families increased during this period," said Brandon Roberts, co-author of the report. "This was a time when we had solid and robust economic growth."An increase in poverty "is not just a new phenomena over the last six months," he said.Poverty-wage jobs increased in part because 2.5 million new jobs paid poverty wages; additionally 2.2 million jobs that paid greater than poverty wages in 2002 became poverty-wage jobs by 2006, as pay failed to keep up with the cost of living, Roberts said.

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