Two reports indicate that things are not hunky-dory for many in America as the Pew Research Center notes service-sector jobs are expanding and the Census Bureau sees more millennials living in poverty.
“Since Obama took office, the service-sector has expanded as public-sector jobs have contracted,” according to a PEW report. Further says writer Bruce Drake in his PEW research summary:
“The service sector has generated many of the new jobs, particularly in health care, temporary help, and the bar, restaurant and food service business.”
This news, when added to another report from Jonathan Vespa, a demographer at the Census Bureau, paints another painful image however. “More Millennials are living in poverty and fewer are employed when compared with Baby Boomers in 1980.”
Vespa’s presentation includes the fact that young adults earn $2,000 less today than young adults did in 1980.
Are there any locations in America showing gains for young adult median earnings for full-time workers when compared to the 1980s?
Yes. Those states, according to Vespa’s presentation based on information from the Commerce Department, are mostly on the East coast, except for Hawaii and South Dakota. Those gains are found also in: SC, NC, DC, VA, MD, DE, NJ, CT, RI, MA, NY, NH,VT and ME.
In all other 30+ states there are losses.