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
Advertisement
You have just read the article News for today's that category by title The Hollowing Out of America's Middle Class. You can bookmark this page with a URL https://news-these-days.blogspot.com/2013/11/the-hollowing-out-of-america-middle.html. Thank you!
Posted by: Tukiyooo
The Hollowing Out of America's Middle Class Updated at :
5:41 PM
Sunday, November 10, 2013
Post a Comment