High-paid jobs disappear, minimum wage jobs are filling up, and the WSJ doesn’t notice the difference

do you want fries with that?

Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market

Restaurants, hotels and hospitals are finally staffing up, more than making up for losses in tech and other sectors

The U.S. added 1.1 million jobs over the past three months and ramped up hiring in January. That appears puzzling, given last year’s economic cool down, signs that consumers are pulling back on spending as their savings dwindle, and a stream of corporate layoff announcements, particularly in technology.

Driving the jobs boom are large but often overlooked sectors of the economy. Restaurants, hospitals, nursing homes and child-care centers are finally staffing up as they enter the last stage of the pandemic recovery. Those new jobs are more than offsetting cuts announced by huge employers such as Amazon.com Inc. and Microsoft Corp.

It’s probably true that a laid-off Amazon warehouse employee probably wasn’t earning much more than a daycare worker or hospital orderly/bedpan-emptier, but from I’’ve been reading, many of the tech industry jobs that have been eliminated paid far more than that, so a simplistic comparison of jobs lost vs jobs gained doesn’t tell the full story. I’d expect this quality “reporting” from the mainstream media, but from the Wall Street Journal?

Sad.