US job market's lingering weak spot: Stagnant pay

[Tom Joad]

In other words s long as you are willing to work for shit wages you have a chance of finding a job.

So if you are unemployed go out and get one of those jobs that doesn't pay enough to put you in a taxable income bracket and maybe we can get that 47% "takers" number up over the 50% mark.

http://finance.yahoo.com/news/us-job...183622424.html

WASHINGTON (AP) — The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.

The unemployment rate has sunk to a nearly normal 6.1 percent. Employers have added a robust 2.5 million jobs the past 12 months. Layoffs have tumbled.

Yet most people are still waiting for a decent raise. Friday's August jobs report confirmed that average hourly pay has crept up only about 2 percent a year since the recession ended five years ago — barely above inflation and far below the gains in most recoveries.

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