Economy Producing Jobs at Both Ends of the Income Spectrum, and Hollowing out jobs in the Middle

Demand remains for people with complex skills, like software engineering or the ability to read X-rays. There is also demand for people to take jobs that require less skill, like cleaning and waiting tables. It’s the jobs in the middle that are being squeezed ”“ sales, administration, assembly positions, for example.

Economists have a term for this phenomenon: labor polarization.

“What’s happening is we’re getting jobs at both ends of the spectrum,” says Howard Rosen, a research fellow at the Peterson Institute for International Economics.

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Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “Economy Producing Jobs at Both Ends of the Income Spectrum, and Hollowing out jobs in the Middle

  1. David Keller says:

    Get a BS and get a job. Get a BA and get a french fryer. Actually I got a BA in similiar economic times and I got a 2d Lieutenant’s commission. It may be slightly dangerous, but it beats flipping burgers!