|
London, UK Business News
|
Home | Submit Press Release | Advertise | Submit Website
(London.CityRegions.com, May 18, 2013 ) London, UK -- According to new research numbers, federal taxpayers now employ more low-wage workers than Wal-Mart and McDonald's combined.
The report was recorded by Demos, the public policy group, estimates that the taxpayer funds pay for almost 2 million jobs that pay less than $24,000 per year within the private sector, which is about $12 per hour or less. The workers who earn such wages owe their incomes primarily from government contracts that include Medicare and Medicaid, and federal infrastructure grants. Demos estimated that 1.4 million works earn that same amount within the two megacorporations, which employ more low-wage workers than any other in the industry.
The findings have highlighted the inequality that is found within government contracting, underscoring that government is as bad as free-market corporations when it comes to the disparity in pay. Many chief executives within major contractors bring in millions per year, while these low-income employees continue to toil in their jobs. However, it should be noted that the free-market companies have continually pushed for government to act more like them, due to their higher efficiency, and so the cause and effect may be primarily due to government acting too much like corporations to begin with.
Still, job creation in the recovery from the recession has been highly focused in the lower strata of earners. Many of the 165,000 jobs that the Labor Department reports on were added in April were through the creation of low-wage work. The National Employment Law Project discovered that low-wage occupations accounted for 20% of jobs lost during the recession, and accounted for 60% of all jobs added during the recovery period.
“We know that growing inequality and these larger, dead-end jobs are a national problem,” said Amy Traub, a senior policy analyst at Demos who authored the report. “This is just a piece of that. But the key is, this is a piece that we’re responsible for and really that we can do something about” as taxpayers.
About FasterPayday.com
Faster Payday (http://www.fasterpayday.com/) provides customers with quick and easy short term loans that can help anyone make it to their next payday. Deposit £50 to £ 1,000 pounds today, and experience the security you deserve.
Faster Payday
Customer Service
4156676545
news@postpressrelease.com
Source: EmailWire.Com
|
|
|
London, UK News by Region
|
|
|
Press Release Writing & Distribution
We write and distribute your press release to online major media outlets for only 199. Fast turn around.
More on
Press Release Writing & Distribution
LONDON, UK TV NEWS
|