The Recovery Squeezes the Middle Class
In an election that's supposed to be all about reviving the economy and creating opportunities for the still-lagging middle class, the leading presidential candidates have been short on specifics. Job growth since the end of the recession has been clustered in high-skill fields inaccessible to...
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Veröffentlicht in: | Bloomberg businessweek (Online) 2012-05, p.1 |
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Format: | Magazinearticle |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | In an election that's supposed to be all about reviving the economy and creating opportunities for the still-lagging middle class, the leading presidential candidates have been short on specifics. Job growth since the end of the recession has been clustered in high-skill fields inaccessible to workers without advanced degrees or in low-paying industries, economists found. It's the middle-income jobs that have been slow to return. The Great Recession accelerated a decades-long shift in the economy away from the kind of moderate-skill jobs that have long supported a broad US middle class. Less obvious in the past, this downward movement is now plainly visible in the lopsided recovery. |
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ISSN: | 0007-7135 2162-657X |