Job polarization has squeezed the American middle class.
Has the decline in manufacturing and clerical jobs been responsible for the lagging wages of middleskill workers in the United States? To answer this question, Michael Boehm compares the occupational choices and earnings of survey respondents in the 1980s and today. The decline of the middle class has been much debated in the United States and elsewhere in recent years. […]
Stable sectors may benefit from recessions by recruiting more talented workers
Stable sectors may benefit from recessions by recruiting more talented workers
Between the end of 2007 and the middle of 2009, Britain and the United States experienced the worst recession for more than half a century. During that time entry into high-paying and high-risk private sector jobs declined substantially while many graduates tried to secure employment in less volatile sectors, such as academia. But how may this affect the economy […]