1. growth in low wage jobs
2. large numbers "Part Time for Economic Reasons" (underemployed)
If we managed to dig out similar statistics for India, who knows what horror stories will emerge - anecdotal evidence is stark enough.
"According to a paper from Federal Reserve Bank of Chicago, the PTER rate is a very important determinant of wage levels. It finds that a 1% increase in the rate is associated with a 0.4% fall in real wage growth. Due to this form of underemployment still be comparatively widespread, wage growth is slowing. Average hourly earnings, for instance, increased by only 0.1% in April."
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