A good, quick, read on the split nature of our economic recovery. As a real estate agent, helping folks at all price points, in their real estate needs, I can see the evidence of this bifurcated recovery.
The recovery is here, it just isn’t evenly distributed.
If you are a minimum-wage worker, jobs have become fairly easy to get — just don’t expect to support a family on them. In restaurants and hotels, servers and bartenders also can find work, but you live and die on gratuities, which is never any fun. If you are a low- or medium-skill health-care worker, you too can find work. However, it probably pays less than the job you lost a few years ago.
At the other end of the socioeconomic scale, the unemployment rate for those with a graduate degree is less than 3 percent. Unemployment in STEM fields, or science, technology, engineering and math, not only is very low, the pay scales average about 50 percent more than the median for U.S. workers.
Sometimes, averages just don’t tell enough of the story…