Who knew? It's not
always great to be number one.
Huff Po writes: Out of all OECD countries, the U.S. had the highest share of
employees toiling away at low-wage work in 2009, according to OECD data cited
by Mark Thoma, an economist at the University of Oregon. The graph was
originally published in a January paper by John Schmitt, senior economist at
the Center for Economic and Policy Research.
One in four U.S. employees were low-wage workers in 2009,
according to the OECD. That is 20 percent higher than in the number-two
country, the United Kingdom. At 4 percent, Belgium has the smallest share of
its in employees working in low-wage jobs. Low-wage work is defined as earning
less than two-thirds of the country's median hourly wage.
The number of employees working in low-wage jobs has been
rising since 1979, according to Schmitt. And low-wage workers are better
educated than ever. The percentage of low-wage workers with at least some
college education has spiked 71 percent since 1979 to 43.2 percent of all
low-wage workers, according to a recent analysis by Schmitt….
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