It's more than a jobless recovery, we've been looking at a jobless decade or more, at least in terms of private sector jobs, according to Business Week's chief economist, Michael Mandel.
Beneath this trend lies a broad and fundamental restructuring of the U.S., and virtually every other advanced economy - the decline of manufacturing and the rise of professional, knowledge-based, and creative work on the one hand, and lower-end service work on the other. This chart (via the New York Time's Floyd Norris) depicts the shift.




Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus