It's Not Just the Jobs Lost, but the Pay in the New Ones: "the nation still has about 1.2 million fewer jobs than when Mr. Bush took office, and the work force has expanded by more than a million since that time.
Adjusted for inflation, average hourly wages have fallen slightly in the last year. And for many who have lost their jobs as a result of plant closings and layoffs, the impact has been more acute: a recent survey of displaced workers by the Labor Department found that 57 percent of those who had found work were earning less than they did in their old jobs. "
- posted by geoff @ #