Job losses and wage decreases continue to mar the economy in the aftermath of the recession, a new report by a group of mayors says, despite President Barack Obama's insistence that he has presided over an economic recovery.
According to a new report by the U.S. Conference of Mayors,
wages across a range of industries for new urban jobs have decreased by 23 percent since 2008.
Specifically, the report said that new jobs in the hospitality and healthcare industries, for example, pay significantly less than the jobs lost in manufacturing and construction.
"This wage gap of 23 percent is significantly larger than that of the earlier recession and recovery (2000-2006), and implies $93 billion in lower wage income," according to a summary of the report.
The wage decrease in the 2000-06 period was 12 percent, the report said.
The report's claims by allies of the president conflict with Obama's messages on the campaign trail that the economy has almost recovered during his tenure, The Daily Caller reported
"America has recovered faster and come farther than just about any other advanced country on Earth," Obama told supporters at rally on July 30, according to The Daily Caller. "For the first time in more than a decade, if you ask business leaders around the world what's the No. 1 place to invest, they don't say China anymore. They say the United States of America. And our lead is growing," he said.
"So sometimes you wouldn’t know it if you were watching the news, but there are a lot of good reasons to be optimistic about America," he added.
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