The fact of the matter:
High-wage sectors — made up of jobs that pay between $17.43 and $31 an hour — accounted for nearly half the jobs lost during the recession, but have produced only 5% of the new jobs since hiring resumed, Bernhardt's study showed.75% of the jobs returning to the labor market pay low wages. This is the real of Friedman's theory of a flattening world: Workers in rich countries are sliding to the level of workers in poor countries.
