- Declining goods-producing sector jobs (chart 1). This includes mostly manufacturing jobs.
- Advancing service-producing sector jobs (chart 2). This includes jobs such as food service-, bar tending-, healthcare-, hospitality-related jobs.
- The two trends above have contributed to a steady deterioration real (nominal less inflation) average hourly earnings since 1970's.
Friday, November 02, 2012
Eric De Groot: Labor Market Sends Message of Deterioration While Few Listen
Eric De Groot: Labor Market Sends Message of Deterioration While Few Listen
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