New Jobs Are Being Created In Industries That Pay...
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Saturday, June 19, 2004 Posted: 2:18 PM EDT
[...]
Bush also said 46 states saw falling unemployment rates over the last
year, and many of the new jobs are being created in industries that pay
above-average wages, such as construction, education and manufacturing.
[...]
Yes, many of the jobs created have been in industries that pay above-average wages. So damn what? What is more pertinent is that, during the current econmic recovery, corporate profits are up by 62%, yet private wage and salary income is down by 0.6%. For anyone to say that "many of the new jobs are being created in industries that pay above-average wages", without further explanation, is plainly misleading.
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