from Hacker News

62 Percent of All U.S. Jobs Do Not Pay Enough to Support a Middle Class Life

by randomname2 on 10/31/18, 11:26 PM with 6 comments

• by forkLding on 11/1/18, 1:44 AM

  The actual study quoted:

  https://www.thirdway.org/report/the-opportunity-index-rankin...

  Note that a middle class job in their definition pays around $44k to $80k while "professional" jobs are >$80k and the data is really for a family of four when accounting for middle class and professional.

• by xupybd on 11/1/18, 2:00 AM

  What percentage of those are transitional jobs? I left school and worked a few years at terrible pay. But I'm older now and earn a good wage. I don't see a problem with people following these steps.

• by NTDF9 on 11/3/18, 1:27 AM

  There are 2 ways this happens:

  1. People are getting paid lower than the cost of goods and assets

  2. Goods and assets are priced above what people can afford

  I suspect its number 2. All asset prices are completely out of whack with what people can afford.

  The only only way out of this is a depression in asset prices.

• by rtx on 11/1/18, 8:22 AM

  Labor supply is increasing due to more women and people from third world countries joining the global workforce. In longrun salaries should stabilize globally.