Peacocks To Reopen 200 Stores As It’s Rescued From Administration Saving 2,000 Jobs

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So Main Avenue has seen practically 2 million excessive-wage and mid-wage jobs flip into low-wage jobs. NELP says it’s just that the excessive and mid-range jobs are lagging behind, while it is easier for low vary jobs to recuperate. That may be good for Wall Avenue and the mega-corporations, but it is disastrous for employees. It has been estimated that by 2020 about one quarter of the American workforce (about 1 out of each 4 staff) can be working in low-wage jobs — and if the minimal wage isn’t raised, many of these workers can be working for even less than the NELP definition of a low-wage job ($9.48 to $13.33). Now they are seeing the median wage fall nearly as good jobs are being changed with low-paying (and many occasions no benefit) jobs. Personally, I feel Wall Avenue and corporate America loves the state of affairs we are in, where they can easily change the nice jobs they lost with poor pay and benefit jobs — and so they haven’t any intention to change that. Staff had already seen a couple of many years where their wages were stagnant and had little progress. This isn’t a recovery — it is a catastrophe. They are more optimistic than I am. They have not been sharing productiveness with workers for fairly a while, and now they’ll compound that travesty by paying lower than before the recession.

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