Here’s a question to test your knowledge of recession-time economics. In a downturn, will high-paying jobs outnumber minimum-wage jobs, or the opposite?
That’s kind of a trick question. The answer is “both.”
Surprised? It gets even more puzzling. There’s a chance the median wage could increase, too — as it did in Washington state during the recession.
Read more in the Everett Herald.
Filed under: minimum wage, business, economic security, economy, unemployment
