Economy

How about some wage growth with those jobs?

Last year, The Denver Post reported that “In 2016, the median hourly wage in Colorado was $18.92, which is below the inflation-adjusted median wage of $19.70 in 2007 and 2 percent below the median wage in 2000, after adjusting for inflation.” Yet, according to the same article, Median Household Income has risen approximately 1.5 percent. This clearly doesn’t compute, and the likely reason is that there may be more workers in households (for example adult children living with their parents because they can’t afford to live on their own) or that people are working longer hours. Most people don’t mind hard work. But past generations have done better than their parents, and that is sadly no longer the trend. Upward mobility has stagnated, and working twice as hard to achieve what their parents did is not the American dream. One solution is to focus on bringing in promising new jobs within renewable energy production. Wind, solar and hydro-based jobs will provide a wide array of good paying jobs. In addition, we could better promote to young people the myriad of apprenticeship and job training programs offered by many of the local skilled trade unions. These are frequently stable and high-paying jobs.

 

https://www.denverpost.com/2017/12/19/colorado-unemployment-wage-growth-low/