Yesterday, Political Calculations(TM) looked at where good jobs grow, by way of a recent study by the Federal Reserve Bank of St. Louis' research economist Christopher H. Wheeler. Today, we're going back into the report because it ranks jobs according to how "bad" they are on average!
As noted yesterday, Wheeler defined a "bad" job to be a low-paying one, one that shows a "weak" association in whether a given community with a lot of these kinds of jobs has lower rates of crime, higher property values and rising education levels. "Good" jobs, on the other hand, are high-paying jobs that are strongly associated with communities with these characteristics.
The data in the table below is taken from Table A2 of the report's Appendix, and shows the industry of the "bad" job, as well as it's average hourly wage in Year 2000 US dollars. The table is ranked from highest to lowest:
| "Bad" Jobs | |
|---|---|
| Industry | Average Hourly Wage ($USD) |
| Sewing, Needlework and Piece Goods Stores | 12.14 |
| Lodging Places (except hotels and motels) | 12.10 |
| Knitting Mills | 12.07 |
| Gasoline Service Stations | 12.00 |
| Barber Shops | 11.90 |
| Bowling Alleys, Billiard and Pool Parlors | 11.86 |
| Apparel and Accessories (except knit) | 11.72 |
| Beauty Shops | 11.38 |
| Retail Florists | 11.30 |
| Eating and Drinking Places | 10.85 |
The question might be asked: "What is the best 'bad' job?" According the the St. Louis Fed's study, it's one in the "Pottery and Related Products" industry, where one might expect to earn an average hourly wage of $14.69 in 2000 dollars.
Labels: jobs
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
CSS Validation
RSS Site Feed
JavaScript
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.
Other Cool Resources
Blog Roll
