Shocking stat: only 3% of jobs on Tennessee job site pay $20K or more.

Much has been talked about in the news about the number of jobs available in Tennessee. Most cite the state's 'Job Board' currently listing of over 260,000 job openings. 

But a recent analysis found that only 3% of those jobs listed pay $20K or more.  The federal poverty line for a family of three is about $22K.
  
So 97% of the jobs available on the state's site pay less than the federal poverty line for the average family? Apparently so.

The number of 'available' jobs, at more than 260,000, may also be inaccurate, as the analysis also found almost 200,000 of those listings are more than a month old. 

The deadline for an end to federally subsidized unemployment in Tennessee as well as halting extended benefits and gig workers and the self employed is fast approaching. After July 3rd, it's over. So then what?

One Tennessee lawmaker, State Representative Vincent Dixie, is calling on Governor Lee to fund new programs to support people as they train for a new career. To quote Dixie, "There's job training we can do...and we can supplement their income until they can get career ready."

Will Tennesseans who have been looking for a job to support their family be forced into taking one of those 'under $20K jobs'? Maybe so. Will that magically fix the problem? Of course not. 

Last week's blog explored the likely results of the July 3rd shutdown, and how $480 million will also be taken out of Tennessee retail cash registers as a result. Read that blog here.

If your family is struggling financially....call us at the law office of T. Verner Smith.  Through restructuring, debt resolution, or legal options including but not limited to bankruptcy, there are ways to relieve the pressure and chart a path to a better future. Don't be embarrassed, don't be hesitant, you are not alone, and taking action now is the smart approach.
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​Call us at (731) 423-1888 and schedule a free consultation.

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