Axios - Three-quarters of U.S. jobs created since the 2008-'09 financial crash pay less than a middle-class income, according to an Axios analysis of U.S. Labor Department data.
The Bureau of Labor Statistics reported that the economy continued a 94-month jobs growth streak. It added 201,000 jobs, and the fastest wage growth since June 2009.
Since the crash, about 75% of new jobs have paid less than $50,000 a year, putting them just above the $45,000 annual middle-class threshold for a household.
Professions that were once the backbone of the middle class have been vanishing, and similar professions have not been bubbling up to take their place, report the WP's Andrew Van Dam and Heather Long.
Most wage growth since 2009 has been concentrated in the extreme lows and highs.
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