Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.
And the situation is even worse than it appears.
Most of the jobs will never return, and millions more are likely to vanish as well, say experts who study the labor market. What's more, these jobs aren't just being lost to China and other developing countries, and they aren't just factory work. Increasingly, jobs are disappearing in the service sector, home to two-thirds of all workers.
They're being obliterated by technology....
The numbers startle even labor economists. In the United States, half the 7.5 million jobs lost during the Great Recession were in industries that pay middle-class wages, ranging from $38,000 to $68,000.
But only 2 percent of the 3.5 million jobs gained since the recession ended in June 2009 are in mid-pay industries. Nearly 70 percent are in low-pay industries, 29 percent in industries that pay well....
----
Link:http://www.huffingtonpost.com/2013/01/23/middle-class-jobs-machines_n_2532639.html
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.