Report: A Quarter Of US Workers Have 'Bad Jobs'
Nearly one-fourth of Americans are working "bad jobs," or those that pay less than $37,000 a year, don't include health insurance and lack a retirement plan, according to a report by the Center for Economic Policy Research (CEPR) in Washington D.C.
This number represents a downward trend from the late 1970s, when 18 percent of Americans had bad jobs, adjusted for inflation, compared to 24 percent today, according to the CEPR.
The number of bad jobs has grown despite several advantages today's workers have over those of the late 1970s, the report said. Today's typical workers is nearly twice as likely to have a four-year degree, is about seven years older, and uses much more advanced technology.
The CEPR report attributes the increase of lower-paying jobs to decreased bargaining power for workers, and said it has little to do with the recession.
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