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Friday, October 3, 2014

America Has More Low-Paying Jobs Than Any Other Developed Country

America Has More Low-Paying Jobs Than Any Other Developed Country
The Huffington Post
http://www.huffingtonpost.com/2014/09/23/low-paying-jobs_n_5868350.html
America may be exceptional in many ways, but it also tops the charts of a new, troubling ranking. The U.S. has more low-paying jobs than any other country in the Organisation for Economic Co-operation and Development, an economic group of 34 developed countries, according to a research note released by Morgan Stanley on Monday ... The OECD defines "low-paying" as jobs that earn less than two-thirds of a country's median income. On average, around 16 percent of jobs in OECD countries are considered low-paying. In the U.S., over 25 percent of all jobs qualify as such ... The ranking reflects America's problem with income equality.

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