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What Good Is Job Growth If You Can’t Earn a Living Wage?

Topics: Current Events

Tomorrow’s job report from the Labor Department is expected to reflect approximately 200,000 jobs added in April, and an unemployment rate holding steady at 5 percent. However, if you take a closer look at the data, a less rosy picture of the economy emerges. A disproportionate number of those jobs being added are in fact low-wage jobs. Besides the obvious fact that low-wage jobs don’t afford a very cushy life for workers, very few offer health benefits, sick pay/leave, PTO, or retirement plans.

empty pockets

(Photo Credit: Richie Diesterheft/Flickr)

In fact, “only a third of low-wage jobs offer health insurance,” and “only a quarter offer workers any kind of retirement plan,” reports NBC News. This is troublesome because making less money means that it’s harder for these individuals to make ends meet, therefore there are little to no “leftover” funds to devote to savings (a.k.a. retirement). 

Do You Know What You're Worth?

What types of jobs are we talking about, here? A lot of the jobs reside in healthcare support; surprisingly, some of the lowest paid workers in America are the ones helping us all stay healthy, happy, and alive. Here are the top 10 occupations with the most projected job growth until 2024, as reported by the Bureau of Labor Statistics.

1. Personal Care Aides

Median Annual Salary: $20,980

Estimated Job Growth by 2024: 458,100

2. Registered Nurse

Median Annual Salary: $67,490

Estimated Job Growth by 2024: 439,300

3. Home Health Aides

Median Annual Salary: $21,920

Estimated Job Growth by 2024: 348,400

4. Combined Food Preparation and Serving Workers (including fast food)

Median Annual Salary: $18,910

Estimated Job Growth by 2024: 343,500 

5. Retail Salesperson

Median Annual Salary: $21,780

Estimated Job Growth by 2024: 314,200

6. Nursing Assistant

Median Annual Salary: $25,710

Estimated Job Growth by 2024: 262,000 

7. Customer Service Representatives

Median Annual Salary: $31,720

Estimated Job Growth by 2024: 252,900

8. Cooks, Restaurant

Median Annual Salary: $23,100

Estimated Job Growth by 2024: 158,900

9. General/Operations Managers

Median Annual Salary: $97,730

Estimated Job Growth by 2024: 151,100

10. Construction Laborers

Median Annual Salary: $31,910

Estimated Job Growth by 2024: 147,400

Please take note that the average median salary for the jobs listed above is only $36,125, however only two of the 10 professions earn more than said median salary. The two occupations that earn the most out of the top 10 are Registered Nurse (ranked No. 2), with an average median salary of $67,490; and General/Operations Manager (ranked No. 9), with an average median salary of $97,730.

The Gender Pay Gap in Low-Wage Jobs

Another pill that’s hard to swallow is the gender pay gap that exists in low-wage jobs. The National Women’s Law Center (NWLC) reports that women make up about two-thirds of the 23 million+ workers in the low-wage workforce, and it’s estimated that they are “paid 15 percent less than their male counterparts.” In a separate article, NWLC notes that, “Low-wage work often leaves women working full time below or near the poverty line and unable to balance work and caregiving responsibilities,” which is definitely not good for working women in low-wage jobs, or their families.

Tell Us What You Think

What do you think needs to change in order to “fix” America’s economy? Share your thoughts on Twitter, or leave a comment below.

Leah Arnold-Smeets
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Mary Jones
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Mary Jones

I think that every state should develop fruit and vegetable farms for its citizens. In just a matter of a few years, people will no longer have access to jobs outside their home. They will be searching for a way to feed their families. This is the true state of America.

KPSSD
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KPSSD

Key word is in the title …EARN..Just about every job out there is paid on Knowledge, Experience and Skill.
If you possess a combination of those and your employer needs a combination of them, you are paid for your worth to that employer.
As my father once told me. “The world needs ditch diggers too..”

camelia frederick
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camelia frederick

I think that the government should fund creative thinking programs. Yes, jobs are harder to find however, it is up to us to find creative ways to develop jobs and figuer out what services people really need. I Belive also that we should focuse on training people who lack employability skills, and training them how to network and to how create jobs. Employing this stratigy would be a solution to the unemployment crisis. The main areas that people are going be able to find employment are in the jobs no one wants e.g. labor jobs ect. farming, food service, eldercare… Read more »

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