Schmitt, John - Center for Economic and Policy Research (CEPR) - 2012
Over the last two decades, high – and, in some countries, rising – rates of low-wage work have emerged as a major … political concern. If low-wage jobs act as a stepping stone to higher-paying work, then even a relatively high share of low …-wage work may not be a serious social problem. If, however, as appears to be the case in much of the wealthy world, low …