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New Jobs

Good Are the New Jobs?
by Tim Kane, Ph.D.
Backgrounder #1773

June 30, 2004 | | |



Economic pessimists have changed their tune. After years of trumpeting a "jobless recovery," the skeptics are admitting that America is in the midst of a jobs boom, with 1.4 million new jobs over nine straight months of payroll growth. Now the pessimists insist that the new jobs are no good.

But if the jobs being created are not any good, what is? Since January 2001, American incomes have risen by 7.5 percent, wages have risen by 2.4 percent, and the government projects 21 million good job opportunities over the 2002-2012 decade.1

The charge that low-quality service jobs--often dubbed "McJobs"--are proliferating is inaccurate. The McJobs argument has two primary implications. The first is that wages are declining, and the second is that the new jobs are unfulfilling. Empirical data on American pay, incomes, and quality of life make the case that American jobs are better today......


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Approximate Word Count: 1975
Approximate Pages: 8 (250 words per double-spaced page)

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