July 16, 2012. An article by Lisa Colangelo, New York Daily News.
James Parrott of the Fiscal Policy Institute used some stark statistics to paint a picture of low-wage New York.
The number of New Yorkers making less than $10 an hour jumped from 16.4% in 1990 to 18.5% in 2010.
But when you take into account the size of the city’s workforce, the number of workers making less than $10 an hour increased by 42%, Parrott said.
While higher-wage jobs have been disappearing, lower-wage jobs – such as retail positions and home health aides – are on the upswing.
Parrott said since mid-2008 – the start of the recession – low-wage sectors have added over 100,000 jobs.
On the other hand, middle-wage sectors (jobs where people make between $45,000 and $75,000 a year) lost a net of 42,000 jobs. Higher-wage sectors lost 11,000 jobs.