Nearly one-quarter of America’s workers are in bad jobs—and the number is climbing, according to a new report by the Center for Economic and Policy Research (CEPR). “Bad Jobs on the Rise” defines a bad job as one that pays less than $37,000 a year—the inflation-adjusted earnings of a typical male worker in 1979—and offers no health insurance or retirement plan (click on chart to enlarge).
In 1979, 18 percent of workers were in a bad job, compared with 24 percent today—even though today’s working people are twice as likely to have a four-year college degree and use much more advanced technology.
The growth in bad jobs, like so many of the nation’s economic woes, results from long-term trends. Says CEPR senior economist John Schmitt:
Almost all of the increase we document had already occurred by 2007, before the downturn.
Bad jobs are on the rise because workers’ bargaining power has declined, according to CEPR, which earlier this month documented what happens when fewer workers have a voice at work in the report, “Where Have All the Good Jobs Gone?”
Read the rest of "Bad Jobs on the Rise."