From Forbes: Finally, some statistics to prove the
stereotypes right. According to a recent survey from Millennial Branding and
Payscale, Millenials really are most likely to be employed in service industry
jobs. So, all those jokes about post-graduation latte pouring and t-shirt
folding haven’t been in vain. And while it might be comforting to think of
these jobs as necessary way stations on the path to an upwardly mobile future –
especially if you’re someone who holds one – there’s mounting evidence that the
American labor market may never return to its pre-recession composition. The
future is already here and it brings with it low-wage temporary or contract
work as a way of life.
According to the Economic Policy Institute, almost 30% of
American workers are expected to hold low-wage jobs – defined as earnings at or
below the poverty line to support a family of four – in 2020. This number will
remain virtually unchanged from 2010. Given that roughly 50% of recent college
grads are unemployed or underemployed and those who do work are much more
likely to hold these types of jobs, this is a particular grim prospect for
young workers hoping to leave these positions behind for greener career
pastures….
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