McJobs Are Probably the Future
During the recession, the economy shed millions of middle-income jobs in fields like construction and manufacturing. During the recovery, they’ve mostly been replaced with low-wage service work, exacerbating a trend that dates back to the turn of the century. As shown on the graph below, the the food services industry now accounts for 7.6 percent of all jobs, up from about 7 percent pre-recession, and about 6.2 percent around 2000.
And, in all likelihood, they’ll account for even more in the future. The BLS projects that food services will be among the fastest growing source of jobs for Americans with no more than a high school degree — right behind retail and home health aides. So maybe working at McDonalds doesn’t usually amount to a career today. But it might tomorrow.
Article Appeared @http://www.theatlantic.com/business/archive/2013/07/mcjobs-are-the-future-why-you-should-care-what-fast-food-workers-earn/277863/