Middle-Skill Jobs Lost in U.S. Labor Market Polarization

May 30th, 2014
in econ_news

from the Federal Reserve Bank of Dallas

Employment in the United States is becoming increasingly polarized, growing ever more concentrated in the highest - and lowest - paying occupations and creating growing income inequality. The causes and consequences of this trend are often considered in the context of what has been a relatively “jobless” recovery from the Great Recession. The number of people performing low-skill, low-pay, manual labor tasks has grown along with the number undertaking high-skill, high-pay, nonroutine, principally problem solving jobs.

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Source: http://dallasfed.org/assets/documents/research/eclett/2014/el1405.pdf

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