Few US low-wage workers progress in labour market – Fed research
Only 5% had a better job within one year, and the group is more likely to become unemployed
Only a small minority of low-wage workers in the US find better jobs, and they are more likely to become unemployed than other groups, according to research published by the Federal Reserve Bank of New York.
In Can low-wage workers find better jobs? Todd Gabe, Jaison Abel and Richard Florida assess the chances low-income workers in the US have to improve their professional status.
The researchers use data covering the post-crisis recovery (2011–17) and study short-term labour market evolutions
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