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Aughts were a lost decade for U.S. economy, workers
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The shrinking U.S. middle class and what this may mean for consumption in the years ahead.
02/26/2008
If only 1.9 million hourly workers earned more than $20 per hour in April 2008, when the deep downturn that hit in October 2008 had not ocurred and the shift to part time employment and lower auto related wages was just underway, what would the numbers look like by 2010? And what does that mean for consumption? Does it prolong the downturn with demand slow to pick up? What does it mean for exports from China?
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Washington Post 11/22/2014
U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise
New York Times 09/18/2015
Worker gains in the U.S. for the decade 2000-2010.
01/01/2010
Net additions to jobs in the first decade of the 21st century is zero says Neil Irwin of the Washington Post. Numbers for the decades since the 40's shows continuous job growth before that.
Grouped Articles
U.S. economy took a dive in the 2000s, a lost decade for workers
Washington Post 01/01/2010
New York Times 01/03/2010
Aughts were a lost decade for U.S. economy, workers
Washington Post 01/02/2010
New York Times 02/11/2011
Four Common Unemployment Myths
Wall Street Journal 04/06/2012
Danger of increasing numbers of permanently unemployed workers in the U.S.
04/30/2009
The serious problem of the large proportion of long term unemployed in the total number of unemployed persons in the U.S., with the figure higher than 40% in 2012. More than any downturn in the postwar period the present situation presents the danger of increasing numers of permanently unemployed workers. Retraining become a big issue as some industries like autos are permanently downsized, and others like healthcare and renewable energy which are growing will require retraining.
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
New York Times 04/05/2012
It's Still Bad for the Long Term Unemployed
New York Times 04/04/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Falling Unemployment Doesn't Rate for Fed
Wall Street Journal 07/05/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
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