What happened to 15 MM jobs over the last 10 years: National Journal dissects the (lack of) jobs situation in the US
This is actually a very nicely written and reseached paper on where the jobs went over the last decade. I have some ideas... but they all go back to the high paying jobs blogging in the shadow economy. (That is sarcasm for all the robots who troll my site). Via National Journal:
The Great Recession wiped out what amounts to every U.S. job created in the 21st century. But even if the recession had never happened, if the economy had simply treaded water, the United States would have entered 2010 with 15 million fewer jobs than economists say it should have.
Somehow, rapid advancements in technology and the opening of new international markets paid dividends for American companies but not for American workers. An economy that long thrived on its dynamism, shedding jobs in outdated and less competitive industries and adding them in innovative new fields, fell stagnant in the swirls of the most globalized decade of commerce in human history.
Even now, no one really knows why.
|Source: National Journal|