Georgetown University's Center on Education and the Workforce has dispelled the myth that most of the jobs of this recovery are low paying jobs... their recent study shows just the opposite:
As we all know prior conversations in the media discussed research that suggested that college graduates were stuck filling low-wage jobs. GU's latest report, Good Jobs Are Back: College Graduates Are First in Line, analyzes the growth of the U.S. jobs and wages during the recession and recovery, and shows this earlier research to be misleading. They find that since 2010, the economy has produced 6.6 million employment opportunities, 2.9 million of which are considered good jobs (a term they use for jobs in the upper-third by median wages of occupations in which they are classified). The key findings of the report reveal that 2.8 million of these good jobs went to college graduates. Some of the largest growing professions seek highly-skilled workers and offer large benefit packages. Most good jobs are full time and twice as likely to provide health insurance and retirement plans. Read the full report here to learn more about the growth of good jobs during the recovery.
If you don't have time to read the full report, here is the bottom line: "The Great Recession was a major hit to the U.S. labor
market, and the slow pace of economic recovery has
left many people apprehensive about embracing any
positive news on the jobs front. The prevailing narrative
in the early months of the recovery described young
people graduating from college and being unable to find
positions in their fields of study. They sometimes settled
for low-paying, part-time jobs, often in retail and food
services industries, because such positions were all
they could find. But that is just a small part of the story.
The larger picture shows that as the recovery
accelerated, more high-quality, good jobs were created,
and for the most part, they were filled by highly-skilled
professionals with postsecondary education. A more
accurate description of the common experience in this
jobs recovery is of college graduates finding good jobs
When all you read is gloom, turn here for a much different perspective.