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Kentucky News
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ECONOMIC RECOVERY
Report: Kentucky adding low paying jobs while losing high paying jobs

Reported by: Associated Press
Reported: Thursday, May 15, 2014 11:33 AM EDT
FRANKFORT, Ky.


Kentucky's unemployment rate dropped in April, but a new report from the Kentucky Chamber of Commerce shows the state is losing high paying jobs while adding low paying jobs.

University of Louisville economist Paul Coomes said Kentucky's average annual pay is $46,000 compared to the national average of $55,600. Kentucky's average pay has not increased in eight years. The state is tied with West Virginia for the lowest pay per job among the seven states that border Kentucky.

Kentucky's U.S. Senate candidates disagree on how to fix this. Democrat Alison Lundergan Grimes wants to raise the minimum wage. Republican Sen. Mitch McConnell says that would cut jobs. Coomes agreed with McConnell.

The Kentucky Center for Economic Policy says raising the minimum wage would stimulate the economy by increasing consumer spending.










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