News

The Reality Behind The Service Sector In The U.S. After The Recession

After the financial crisis, the economy started to improve slowly and people at the top ladder could get good jobs and salaries. However, those at the bottom rung, continue to remain left behind.

Millions of workers are still working around the clock to earn their bread.

About 4.4 million people are relying on hourly wages which continues to be very small. In particular, this group consists of women workers who work as waitresses and are struggling to make ends meet.

The minimum wages for such workers remain at the same levels as what it was in 1991. Minimum wages vary from state to state and ranges between $2.13 in 17 states and $9.35 in a few states.

Many workers depend on tips to support their families, which is not very consistent. There are many customers who do not pay tips, while the rise in using apps to get food delivered is also on the increase.

Jobs that are high-paying are on the increase and the pay is also good. But the middle-wage jobs are not many, and remuneration is not good. In the event of a recession, these jobs are the first to go.

The Bureau of Labor Statistics states that jobs like wait staff, personal-care aide and food-prep worker are some of the fastest-growing jobs in the U.S.

Though the official fed minimum wage is at $7.25 per hour, many workers do not get it every day.

The recession that took place a decade earlier has affected the manufacturing sector. About 1.9 million jobs were lost after the recession. However, food services and healthcare sectors have grown. There is a shift from the manufacturing industry to the service industry in the country.

President Trump had stated on Aug. 20 that the economy continues to remain strong. He has said that better options to bolster the U.S. economy are examined by his administration.

Tags

George Morris

As Head of editing, George brings to the table over a decade of experience in Industry Research and Internet Marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. George is an expert at delivering precise, engaging and detailed updates from around the world. His interests lie in writing news articles on newly launched Technologies, Software Products & Social Media happenings.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close