According to a recent article from GlobeSt.com sister publication, ALM's BenefitsPro.com, if you're in one of those restaurant-crazed cities such as San Francisco, New York or Los Angeles, you know that you've seen a lot more tattooed young servers and sous chefs on the streets and in the bistros in the past few years.
They are among the workers driving a steady jobs growth in the US. And while those jobs may be exciting and, sometimes, rewarding, in general the increase in those types of jobs is not a particularly good sign for the nation's economy.
Except that it suggests that other people have more discretionary dollars to spend on dining out.
Related: 10 states with the best economies
A study from The Atlantic's CityLab confirms that US jobs are increasing, but that the increases tend to be concentrated in a few geographic areas and that the fastest-growing positions do not pay very well.
CityLab culled data from a data collection company, Emsi, to develop its economic growth report. Among the findings:
- The U.S. economy added more than 12 million jobs between 2011 and 2016, a healthy 9% increase.
- Low-wage jobs outpaced high-wage jobs, 4.5 million to 4.1 million.
- 3.5 million mid-wage jobs were also created.
- The current breakdown of all jobs in 2016 had high-wage jobs slightly ahead of low-wage jobs by a 37% to 34% margin, with the remainder (29%) labeled mid-wage jobs.
- Thus high-wage jobs are still in the lead, but low-wage positions are catching up fast.
Then, when the study broke out regional growth, it found areas of high growth tended to “cluster on the coasts,” with big spikes in Los Angeles, the Bay Area, Portland (but not Seattle), Florida and the Carolinas.
To read more about the top 10 metro areas for growth tends to support this coastal growth theory, check out the full article by clicking here.
According to a recent article from GlobeSt.com sister publication, ALM's BenefitsPro.com, if you're in one of those restaurant-crazed cities such as San Francisco,
They are among the workers driving a steady jobs growth in the US. And while those jobs may be exciting and, sometimes, rewarding, in general the increase in those types of jobs is not a particularly good sign for the nation's economy.
Except that it suggests that other people have more discretionary dollars to spend on dining out.
Related: 10 states with the best economies
A study from The Atlantic's CityLab confirms that US jobs are increasing, but that the increases tend to be concentrated in a few geographic areas and that the fastest-growing positions do not pay very well.
CityLab culled data from a data collection company, Emsi, to develop its economic growth report. Among the findings:
- The U.S. economy added more than 12 million jobs between 2011 and 2016, a healthy 9% increase.
- Low-wage jobs outpaced high-wage jobs, 4.5 million to 4.1 million.
- 3.5 million mid-wage jobs were also created.
- The current breakdown of all jobs in 2016 had high-wage jobs slightly ahead of low-wage jobs by a 37% to 34% margin, with the remainder (29%) labeled mid-wage jobs.
- Thus high-wage jobs are still in the lead, but low-wage positions are catching up fast.
Then, when the study broke out regional growth, it found areas of high growth tended to “cluster on the coasts,” with big spikes in Los Angeles, the Bay Area, Portland (but not Seattle), Florida and the Carolinas.
To read more about the top 10 metro areas for growth tends to support this coastal growth theory, check out the full article by clicking here.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
