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.
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.