Hacker News new | ask | show | jobs
by forgetsusername 3712 days ago
>most of the added jobs are $10/hr service jobs.

People employed at minimum wage decreasing:

https://research.stlouisfed.org/fred2/series/LEU0253127000A

Weekly earnings rising (a bit):

https://research.stlouisfed.org/fred2/series/LES1252881600Q

Where is your data?

3 comments

Half of America's top 10 fastest growing jobs pay less than $25,000/yr http://money.cnn.com/2016/04/18/news/economy/fastest-growing...
Your source is for full-time employment. Part-time jobs surged after 2008[1] and haven't returned to pre 2008 levels.

[1] http://blog.indeed.com/the-role-of-part-time-jobs/

>Your source is for full-time employment.

Number of people employed part-time, not by choice...falling:

https://research.stlouisfed.org/fred2/series/LNS12032196

U6 Unemployment rate...falling:

https://research.stlouisfed.org/fred2/series/U6RATE

From those same charts, unemployed part-time not by choice is rising since Oct '15. U6 is constant in that period as well.
Here's a more up-to-date graph of "part-time for economic reaons": https://research.stlouisfed.org/fred2/series/LNS12032194

We're down to June 2008 levels, but have a ways to go before we hit December 2007 levels.

2nd link displays median weekly income for full time is ~$350.

350/40 hours = 8.75/hr

Edit: Turns out it's 1984 dollars.

That's $8.75/hr in 1982/1984 CPI adjusted dollars, which comes out to ~$20/hr in 2016 dollars. http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=8.75&year1=1984...