Refinery29 - There’s No Money In Working Anymore
"Last year, the Brookings Institution took a deep look at pay across the U.S., and found that almost half of workers — 44% — earn low wages.""The National Low Income Housing Coalition released a report last week showing that there isn’t a single county in the U.S. where a full-time worker making minimum wage can afford a two-bedroom apartment."
“One [misconception about low-wage work] is that they’re mostly young people who are going to, as they get more experience or graduate from college or high school, move on as a matter of course. Most low-wage workers are not young.”
"Various studies have shown that while the U.S. wants to think of itself as a land of opportunity, economic mobility is tough. In a comparison of income inequality among 35 countries in the OECD, the U.S. ranks 32nd. One study found that while Americans whose parents’ income was in the bottom fifth managed to rise to the top fifth income bracket about 8% of the time, we optimistically believe there’s a 12% chance. In Canada, the actual chance of rising from the very bottom to the very top is about 13.5%."
"According to the National Women’s Law Center, women make up almost two-thirds of minimum wage workers. And while both men and women do low-wage work, the gender makeup varies a lot depending on age group and education level. Of low-wage workers ages 18-24 who have no college degree and aren’t currently in school, 57% are men. But among low-wage workers ages 25-50 who have at least an associate’s degree, 62% are women. This indicates that women are more likely to be employed in a low-wage job even with a college degree."
"“Black and Latinx women specifically make up between 26% to 28% of those working in the service sector,” says Dr. C. Nicole Mason, president and CEO of the Institute for Women’s Policy Research. “These are jobs that are lower paying, have fewer benefits, less job security, the first to go when there's an economic downturn.”"
“The median wealth for Black families is $17,000. For white families, it’s $171,000. It’s criminal.”
"If the bottom line was that, as a country, we believe everyone deserves a living wage, the economy could be structured around that immutable fact. Ross says it’s policy and political choices, not "impersonal economic forces," that have allowed poverty wages to proliferate."
