Reuters (03/22/13) Pedro Nicolaci da Costa

Too much of the recent growth in U.S. employment has been concentrated in low-wage and contingent jobs, leaving the recovery on shaky ground, Sarah Raskin, a member of the U.S. Federal Reserve’s board of governors, said on March 22. Citing a sharp post-recession rise in poverty, Raskin said, “Our country cannot achieve prosperity without addressing the powerful undertow created by flat wages and tenuous financial security for so many millions of Americans.”