Hey diddle diddle, there goes the middle
Some of those tasty middle-class gigs that went away during The Great Recession aren’t coming back, says Kevin G. Hall at McClatchy.
It’s not exactly news — the author of the report cited, MIT economist David Autor, says the trend has been under way for more than a decade. But it got worse during the latest installment of hard times, with zero job growth for professionals and an 8 percent decline in office and administrative employment.
But wait, there’s more! Writes Hall: “This loss of middle-skill jobs — what Autor calls polarization of the job market — intersects with another discouraging trend, the concentration of wealth at the highest rungs of the wealth ladder.”
Another study, this one from UC-Berkeley economist Emmanuel Saez, suggests “that the top 1 percent of earners in the nation captured almost half of the growth in income over a period of stellar growth in the U.S. economy.”
“And this,” Hall writes, “came against the backdrop of disappearing good-paying union jobs in manufacturing, and what now appears to be an escalating departure of well-paying middle-skill jobs.”
Like I said, hardly news — the rich getting richer is right up there with “Dog Bites Man,” headline-wise. But still, is it any wonder that Miss Mia Sopaipilla is checking under the range for loose change? She has no idea where her next bowl of kitty chow is coming from.