New jobs that are being created pay less and offer fewer work hours than the ones they have replaced.
When it comes to jobs, it’s not just quantity that matters–it’s also quality. It’s great news that the economy is finally producing jobs again–even if it’ll take another few years of this kind of growth to get us back to where we were before the Great Recession. But that also means it’s now time to ask what kind of jobs are being created. And on that front, things are a lot less encouraging.