Low-wage work becoming a dead-end for more employees
WASHINGTON (AP) — For years, many Americans followed a simple career path: Land an entry-level job. Accept a modest wage. Gain skills. Leave eventually for a better-paying job.
The workers benefited, and so did lower-wage retailers such as Wal-Mart: When its staffers left for better-paying jobs, they could spend more at its stores. And the U.S. economy gained, too, because more consumer spending fueled growth.
Not so much anymore. Since the Great Recession began in late 2007, that path has narrowed because many of the next-tier jobs no longer exist. That means more lower-wage workers have to stay put. The resulting bottleneck is helping widen a gap between the richest Americans and everyone else.
“Some people took those jobs because they were the only ones available and haven’t been able to figure out how to move out of that,” Bill Simon, CEO of Wal-Mart U.S., acknowledged in an interview with The Associated Press.
If Wal-Mart employees “can go to another company and another job and make more money and develop, they’ll be better,” Simon explained. “It’ll be better for the economy. It’ll be better for us as a business, to be quite honest, because they’ll continue to advance in their economic life.”
3 dead after pileups on Ohio Turnpike
TOLEDO, Ohio (AP) — Pileups on the Ohio Turnpike involving at least 50 vehicles killed three people and seriously injured a state trooper on Wednesday as a late-winter storm swept through the Midwest and the Northeast, ending a fleeting spring-like thaw.
Emergency workers on the busy toll road struggled to reach accidents and stuck vehicles because of snowy conditions and traffic backups. Pileups stretched across a 2-mile section in the eastbound lanes of the turnpike between Toledo and Cleveland. Another series of pileups about 10 miles to the east shut down the turnpike’s westbound lanes near Sandusky.