“Low-wage workers in the United States are gripped by increasing financial insecurity as they inch along an economic tightrope made riskier by pervasive job losses and rising prices. Many struggle to pay for life’s basics — housing, food and health care — and most report having virtually no financial cushion should they stumble.”
The Washington Post has begun a series of articles examining the lives of low-wage Americans. The series begins with a report of a survey conducted by The Washington Post, the Henry J. Kaiser Family Foundation and Harvard University. The survey finds that “low-wage workers account for nearly one-quarter of all U.S. adults” and that such workers “have been hit hardest by the economic trends that have come to define the modern economy. Their wages have stagnated as a greater share of work’s rewards go to the best-educated and best-paid workers, widening income disparities to levels not seen since the 1920s.”
See the full Washington Post report.
Tags: Poverty Analysis