Unexpectedly Intriguing!
August 10, 2005

After looking at what would be considered to be a "bad" job in a recent report by the St. Louis branch of the Federal Reserve, the question naturally arises as to what a "good" job is, and how much it pays. Today, we're going back, again, into the Fed's report because it also has this vital data!

As noted on Monday, the Fed's report defined a "good" job to be a high-paying one, one that shows a "strong" association between their prevalance and whether a given community has lower rates of crime, higher property values and rising education levels compared to communities where low-paying jobs predominate.

The data in the table below is taken from Table A1 of the report's Appendix, and shows the industry of the low-paying job, as well as it's average hourly wage in Year 2000 US dollars. The table is ranked from lowest to highest:

"Good" Jobs
Industry Average Hourly Wage ($USD)
Pipelines (except natural gas) 24.43
Theaters and Motion Pictures 24.58
Air Transportation 24.72
Railroads 24.79
Legal Services 24.85
Guided Missiles, Space Vehicles and Parts 25.86
Petroleum Refining 25.91
Metal Mining 26.14
Business Management and Consulting Services 27.00
Security, Commodity Brokerage and Investment Companies 30.93

Following the tradition of yesterday's question of answering what the best "bad" job is, today, we seek to answer the question of: "What is the worst 'good' job?" According the the St. Louis Fed's study, it's found in the Machinery, Equipment and Supplies Trade, where one might expect to earn an average hourly wage of $19.94 in 2000 dollars!

Labels:

About Political Calculations



blog advertising
is good for you

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.com

Thanks in advance!

Recent Posts

Applications

This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

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

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.