When we think about what the economy has lost since the Great
Recession, we tend to consider it in terms of simple addition and
subtraction.
We said goodbye to more than eight million jobs in the downturn; we've added around four million back. It's easy and dismal math.
But there's another painful dimension to this recovery that's gotten far less attention than the lingering jobs deficit. It's the fact that most of the jobs we lost offered decent pay, while the ones we're adding are mostly low-level, service sector positions. Middle class jobs have been replaced by McJobs.
We said goodbye to more than eight million jobs in the downturn; we've added around four million back. It's easy and dismal math.
But there's another painful dimension to this recovery that's gotten far less attention than the lingering jobs deficit. It's the fact that most of the jobs we lost offered decent pay, while the ones we're adding are mostly low-level, service sector positions. Middle class jobs have been replaced by McJobs.
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