This chart from a Wall Street Journal story and ones similar to it have been making the rounds in recent weeks and for good reason – while job creation has been more than enough to keep up with population growth, the pay for the jobs being created kind of sucks.
Some think it’s not a big deal since this is not too different than past recoveries, however, as noted here a week or so ago, it’s not a good thing when retail trade and food service account for almost twice as many new jobs as their share of the workforce.
