Uncategorized

New study: Workers working harder, but wage inequality soars

A new study from the N.C. Budget and Tax Center confirms what a lot of worker advocates have been saying for some time: average North Carolina workers are working harder and more productively than ever but their their wages are stagnant or falling. Meanwhile, high end jobs continue to grow, thus contributing to a two-tier labor market in which mid-level wage employment is disappearing as the jobs are outsourced overseas.

Here are the key findings:

  • The economic recovery from the Great Recession is different from any recovery in the last 30 years, as seen in unprecedentedly sluggish job creation and, perhaps most obviously, falling wages.
  • A unique feature of the current sluggish recovery is the productivity gap, in which—for the first time in 30 years—rising worker productivity (a key driver of economic growth) is not being rewarded with higher wages.
  • This productivity gap has contributed to the emergence of a two-tier labor market, with growth in low-wage and high-wage occupations, but little growth in between. The result is the worst wage inequality seen in 30 years.

Read the entire report by clicking here.

 

One Comment


  1. […] wages Post on August 1, 2012 by Rob Schofield No Comments The N.C. Budget and Tax Center reported recently that while North Carolinians are working harder than ever, most are not reaping the benefits […]

Check Also

NC Policy Watch Policy Prescription #9: Expanding opportunities for justice within the criminal justice system

As the 2018 legislative session gets underway in ...

Top Stories from NCPW

  • News
  • Commentary

North Carolina election employees could soon be facing stricter scrutiny. House members rolled out a [...]

In one of the largest campaign donation forfeitures in state history, 48 improper donations from the [...]

Friends, neighbors, colleagues of commission chairman Jim Womack submit nearly identical letters cla [...]

When N.C. House Speaker Tim Moore and Senate President Pro Tem Phil Berger addressed reporters last [...]

In the aftermath of the recent successful push to ward off huge cuts to food assistance programs in [...]

There are a lot of important statistics that confirm just how out of whack the U.S. economy has grow [...]

The post Bite the Apple & NC’s HB2 Legacy appeared first on NC Policy Watch. [...]

When I headed off to college, I could not have predicted that many of the funding streams, positions [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.