Home > Uncategorized > 6 Fast-Growing Jobs That Don’t Pay Much

Comments 0 Comments

Low-wage jobs employ close to half of the U.S. workforce (42%), and they’re poised to employ millions more Americans over the next several years. As calls for a higher minimum wage grow louder from workers in the fast food and retail industries, it’s worth looking at exactly who these people are, how many of them there are and how much they make.

The National Employment Law Project, a wage-advocacy group, released a report this month called “The Growing Movement for $15,” in which it analyzes the effects of low wages on those who earn them. Some of the largest occupations with workers earning a median wage of $15 an hour or less, six of the fields are among those projected to see the greatest growth by 2022, according to 2012 data from the Bureau of Labor Statistics, the most recent available.

Personal Care Aides

Number of people employed in 2012: 1.19 million
Projected occupation growth from 2012 to 2022: 580,800 jobs (up 48.8%)
Median hourly wage (2014 National Employment Law Profect estimate): $10.35
Share of workers making less than $15 an hour (2014 NELP estimate): 77.9%

Nursing Assistants

Number of people employed in 2012: 1.48 million
Projected occupation growth from 2012 to 2022: 312,200 jobs (up 21.1%)
Median hourly wage: $12
Share of workers making less than $15 an hour: 72%

Janitors & Cleaners, Except Maids & Housekeepers

Number of people employed in 2012: 2.32 million
Projected occupation growth from 2012 to 2022: 280,000 jobs (up 12.1%)
Median hourly wage: $10.80
Share of workers making less than $15 an hour: 75.2%

Materials — Shipping, Movers & Packers

Number of people employed in 2012: 2.20 million:
Projected occupation growth from 2012 to 2022: 241,900 jobs (up 11%)
Median hourly wage: $14
Share of workers making less than $15 an hour: 54.9%

Combined Food Preparation & Serving Workers, Including Fast Food

Number of people employed in 2012: 2.97 million
Projected occupation growth from 2012 to 2022: 421,900 jobs (up 14.2%)
Median hourly wage: $9
Share of workers making less than $15 an hour: 88.3%

Retail Salespeople

Number of people employed in 2012: 4.45 million
Projected occupation growth from 2012 to 2022: 434,700 jobs (up 9.8%)
Median hourly wage: $12.65
Share of workers making less than $15 an hour: 58.1%

While income has no direct bearing on a consumer’s credit standing, a low wage can make it difficult for people to pay bills on time, keeping their credit reports free of collection accounts or other negatives, like high credit card balances or delinquent loans. For consumers already in debt, managing day-to-day expenses in addition to paying down outstanding balances can be even more challenging, leaving those consumers with poor credit for years. No matter how much you make, it’s important to carefully budget for expenses and make a plan in order to build or rebuild your credit standing and reap the benefits that come with it — of course, that’s easier said than done, particularly for low-income consumers. (You can see how your debts and your payment history affect your credit by getting your credit scores, which you can do for free on Credit.com.)

More on Credit Reports & Credit Scores:

Image: iStock

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team