New manufacturing workers paid more than in other jobs
Aug 27, 2013 | 11:33 AM
| Corinna Petry
CHICAGO New hires in the U.S. manufacturing sector make more money than new hires in other industries, despite a vast number of factory opportunities that have moved overseas since the 1980s, according to a recent Economics and Statistics Administration (ESA) report.
Using the U.S. governments quarterly workforce indicators, an ESA analysis of earnings of new hires vs. incumbent workers found that manufacturing industry workers have done "particularly well" since the recession began. "At the end of 2011, the manufacturing earnings premium for new hires stood at about 38 percent," ESA researchers said.....
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