Report: Kentucky adding low paying jobs

Report: Kentucky adding low paying jobs

Credit: ABC News

Applicants wait to enter a job fair in New York on June 11, 2012. Job losses from contracting and closing establishments are down relative to pre-recession levels. "Companies are already lean," said Stephen Bronars, chief economist with Welch Consulting. "The weak companies have already failed. Job gains are coming back for growing companies but they are still below pre-recession levels." (John Moore/Getty Images)

Print
Email
|

by Associated Press

WHAS11.com

Posted on May 15, 2014 at 4:48 PM

   FRANKFORT, Ky. (AP) -- Kentucky's unemployment rate dropped in April, but a new report from the Kentucky Chamber of Commerce shows the state is losing high paying jobs while adding low paying jobs.
 
   University of Louisville economist Paul Coomes said Kentucky's average annual pay is $46,000 compared to the national average of $55,600. Kentucky's average pay has not increased in eight years. The state is tied with West Virginia for the lowest pay per job among the seven states that border Kentucky.
 
   Kentucky's U.S. Senate candidates disagree on how to fix this. Democrat Alison Lundergan Grimes wants to raise the minimum wage. Republican Sen. Mitch McConnell says that would cut jobs. Coomes agreed with McConnell.
 
   The Kentucky Center for Economic Policy says raising the minimum wage would stimulate the economy by increasing consumer spending.

 

Print
Email
|