Which of the four best-paid jobs in the United States could you live without?
Posted On July 13, 2021
I don’t know about you, but the way I see it, I don�t want to be paid that much.
I am one of the lucky ones.
I have jobs that allow me to live comfortably and affordably.
I can work in the service sector and earn an hourly wage in the range of $15 to $20, and I can have a good night�s sleep and go home feeling great.
If I did want to quit my job, it would take a few years.
But the reality is, most of us don�ts.
That�s the reality that is driving the trend for the pay and hours industry to grow, at least in the short term.
A new survey released Thursday by the Bureau of Labor Statistics (BLS) found that the median hourly wage for full-time workers fell to $15.20 in December from $19.25 in November.
That is a huge decline, but it still marks a slight uptick from last year.
The decline was just slightly more than 2% for the same period.
And while the median pay for full time workers has dropped for the last five years, that hasn�t led to a huge spike in hourly pay.
The median hourly pay for part-time and temporary workers, however, rose to $14.73 from $14,63 in November, according to the BLS.
A lot of the pay is being driven by the decline in the number of part-timers and temporary employees.
And in fact, part-timer and temporary jobs accounted for almost one-third of the total number of jobs lost during the recession.
That means that about 70% of the jobs lost in that recession were part- and temporary-employment jobs.
And the jobs that have grown are the ones that require a high degree of education, such as healthcare, and require some sort of advanced skills, such.
as accounting or finance, according the B.L.S. According to the report, the median college degree held by Americans increased from just over 40% in 2005 to 53.6% in 2017.
But a college degree is not necessarily necessary to be successful in the job market.
The BLS estimates that a bachelor�s degree is needed to perform at the top of the wage scale, which means the wage that a person with a bachelor’s degree can make, with some college education, is less than that of a person without a degree.
While part-times are on the rise, they aren�t on the decline yet.
The average hourly wage of full- and part- time workers was just $15 in December, up 2% from November.
The overall hourly pay rate for full and part time workers fell 2.4% from $15,817 to $16,946, but full-timing workers were just 3.6 percentage points more likely to earn less than the $16.96 average hourly pay of full time employees.
In fact, full-term workers were more likely than part-workers to earn an average hourly salary of less than $16 an hour, up to a point.
And full- time hourly wages have dropped more for part time than for full term workers since the recession, from $18.16 in 2006 to $17.19 in 2017, the Bens report said.
For example, in December 2018, the average hourly earnings of full and full time hourly workers were $17 an hour in the private sector, $17 more than the average of $17 in the public sector, according a BLS analysis of Census Bureau data.
In December, the Census Bureau reported that full-day employment in the U.S., including full- or part-takings, dropped 2.2 percentage points to a seasonally adjusted low of 8.7 million jobs.
Part-time jobs rose by 2.6 million jobs, from 7.1 million in December to 9.3 million in January.
In the year that ended on December 31, 2018, about 17% of all full-hour workers in the country worked part time, down from 18% in December.
In addition, the share of all workers working part time dropped to 28.9%, the lowest in seven years.
That was the lowest since the Census data began collecting hourly data in 1983.
The report noted that part- hours have been on the increase over the past decade, but that they are not a major part of the national workforce.
It said the increase in part-hours was driven largely by the growth in part time jobs.
In 2017, half of all part-hour work was performed by full-somethings, up from 34% in 2012, according data from the Berenberg Foundation.
This trend is not going away.
While part-year and seasonal workers are on their way out, the unemployment rate for part year workers is still higher than the unemployment for full year workers.