The current "recovery" is actually deepening our deficit of good jobs.
November 1, 2011
Major newspapers last week reported a trend that won’t come as a surprise to working Americans: incomes are falling. In fact, median household income, adjusted for inflation, has fallen faster since the recession ended than during the recession itself. Analysts point to high unemployment and weak economic growth as the culprits, but that is only part of the story.
Just as the country struggles to confront a seemingly insurmountable jobs deficit, America’s chronic low-wage problem is reasserting itself with a vengeance. Here are three ways to understand just how severe the problem is.
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