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| Economy |
| Future jobs wonÂ’t support decent living standard: Report |
| 2011-04-02 |
| To calculate this "economic security" income, the study's authors certainly didn't assume a lavish lifestyle. They considered basic needs--housing, food, utilities, health care, child-care, and transportation--plus the cost of modest saving for retirement and a small surplus for emergencies. (At at a time when economic "shocks" are increasingly common, that's an essential part of financial security.) They don't factor in some things many of us take for granted, like entertainment or eating out. The result? To achieve economic security, a single parent with two children needs an income of just over $30,000 a year--nearly twice the federal minimum wage--while a two-income household needs almost $68,000. The study then finds that, according to Labor Department projections, fewer than 13 percent of jobs to be created by 2018 will meet the economic security threshold for a single parent with two kids. Forty-three percent of those jobs will meet the threshold for a two-income household. |
| Posted by:Zebulon Thranter9685 |
| #5 fewer than 13 percent of jobs to be created by 2018 will meet the economic security threshold for a single parent with two kids. So more than 87% of future jobs will be entry level? That is for a household of 3. So Americans can forget about a the one wage earner, stay at home spouse and 2 kids. A nation of burger flippers and investment bankers. |
| Posted by: Zebulon Thranter9685 2011-04-02 19:48 |
| #4 That's why I get steamed when the ignoramuses start whining that you "can't support a family on minimum wage," tw. You're not supposed to. |
| Posted by: Barbara Skolaut 2011-04-02 17:34 |
| #3 These journalists seem to forget that entry level jobs are not meant to be for a lifetime, and therefore need not be capable of supporting an adult lifestyle of home, family, and retirement. The whole purpose of an entry level job is to get enough training to move up to something with which one can support a home, family, and retirement. That's how it worked in the old days, anyway. |
| Posted by: trailing wife 2011-04-02 15:24 |
| #2 Mr Rogers asks, "Kids, can you say 'Falling Standard of Living'?" "I knew you could." |
| Posted by: Anguper Hupomosing9418 2011-04-02 02:43 |
| #1 This reporter should be fired for illiteracy. The study: http://www.wowonline.org/documents/BESTIndexforTheUnitedStates2010.pdf Page 13: Basic Economic Security Tables, 2010 1 Worker, no kids -- $30,012 1 Worker,1 Infant -- $46,368 1 Worker,1 Preschooler, 1 Schoolchild -- $57,756 2 Workers, no kids -- $42,504 2 Workers, 1 Preschooler, 1 Schoolchild -- $67,920 |
| Posted by: Zebulon Thranter9685 2011-04-02 00:40 |