Friday, September 26, 2014

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

By:  Kevin Short
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 Organization for Economic Co-operation and Development, an economic group of 34 developed countries, according to a research note released by Morgan Stanley on Monday.

Economists Ellen Zentner and Paula Campbell based their analysis on the OECD Economic Outlook Report, which documents employment and labor trends in each member nation.

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.