5 of the 6 fastest growing job categories pay below median wages

 In inflation-adjusted terms, the minimum wage, though higher than it was a decade ago, is still well below its 1968 peak (when it was worth about $10.70 an hour in today’s dollars), and it’s still poverty-level pay.

Forty years ago, there was no expectation that fast-food or discount-retail jobs would provide a living wage, because these were not jobs that, in the main, adult heads of household did. Today, low-wage workers provide forty-six per cent of their family’s income.

To put this simply, tying minimum wage to inflation (permanently) stands to make a significant impact on the economy, and would probably be one of the fastest way to boost the middle class.

James Surowiecki: Why Do So Many Jobs Pay So Little? : The New Yorker via Counterparties

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