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Author: jackcrow Big gold star, 5000 posts Feste Award Nominee! Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46821  
Subject: Re: Average Wages Date: 1/26/2004 3:21 PM
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Pos,

So then, would it be fair to say that whatever job creation is currently occurring is for lower paying jobs?

If you are willing to agree that all things that are grey are elephants, seeing how elephants are grey.

This is pretty typical, growing or younger industries often can't afford to pay the same wages as an established industry, they don't have the consistency of cash flow of the established industries.

What isn't discussed here is what defines a growing industry or a contracting industry. We get a regional breakdown but no break down of the industries themselves. How much growth does it take to be counted as a growing industry? Is the same industry growing in one region and contraction in another? Over what period of time are we looking at? What date did the recesion end in thier opinon? Also excluded is government jobs, a huge portion of the workforce that also grows and contracts.

And finally are some of the contracting industries about to cycle back into growth?

jack
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