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5:41 PM Tukiyooo 0
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Click to enlarge.

As seen in the chart above, retail trade, leisure, and hospitality production and nonsupervisory employment has been growing faster than employment overall. This is clearly not a recent development.


Click to enlarge.

Not only do these jobs not pay well, but in inflation adjusted terms they pay roughly one-third less than they did in the early 1970s.

The future's so bright I gotta wear lampshades.

Source Data:
BLS: Employment
St. Louis Fed: CPI
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Posted by: Tukiyooo The Hollowing Out of America's Middle Class Updated at : 5:41 PM
Sunday, November 10, 2013

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