Introduction In the past decade, the labor market in the US has been subjected to economic crisis. However, with the American economy reeling from the shocks of the economic crisis, companies are laying-off temporary workers and retrenching permanent workers in less active departments in order to protect corporate profits by reducing their expenses. Economists argue that this situation negatively contributes of the US economy. The problem is that the companies are more focused on their labor costs and those savings fail to encourage new investments in the economy which is already damaged. In the course of the 2008 financial crisis, the US government took the course on organizing work places in private sector for creating the semblance of low unemployment rates. In fact, though a 10 % unemployment barrier has not been reached, the number of high-paying jobs has considerably decreased. The creation of the so-called “bad” jobs has led to locking people in the closed circle of limited mobility and high risks. In this regard, the majority of low-paying jobs are closely associated with informal employment. This type of employment is connected with providing goods and services that are not protected or regulated by the government. With regard to the above-presented problems, the article under consideration reveals urgent issues connected with economic crisis and inconsistent financial and political reforms in the United States leading to more serious problems in this sphere. In particular, the article discloses the main gap in economy polices of the United States. In particular, the creation of low paying jobs contributes to increasing health care risk and earning loss. In addition, increased attention to service and production sector can minimize the importance of knowledge professions, which are also under the financial risk. Summary of the Article The article under consideration is called America Needs to Make Its Bad Jobs Better and is dedicated to the rapidly emerging problem of low-paying jobs and high unemployment rates in particular sectors. The author underscores the fact that the government has reduced the number of prestigious jobs. Instead, it is now more focused on forwarding “bad” workplaces to sustain the employment rate. According to the author, joblessness in the United States of America will be increased in the next decade, especially for the less skilled Americans who lack either degree or even college certificates. In the past, there has been elimination of the very high paying jobs as the private sector has started dominating in the US market. Author also mentions that a decline in unemployment rates was due to reluctance of people to apply for jobs. If the employment sector has to recover from the crisis, the low paying jobs will be transformed into better paying jobs and this might make more Americans look for jobs in this sector. Analyzing the problem in more detail the author highlighted the fact, although the government plans to create more than 15 millions of new job places, half of them will be low-paying. Moreover, another half will not require advanced skills and abilities and, therefore, “four in 10 knowledge workers do not hold college degrees” (Florida 2). At the present moment, more than 60 million American workers already engage themse