The Middle Class in Free Fall

What’s
Wrong Today
:

The
Wrongologist continues to be otherwise engaged, but here are more links for
your review:

1. The
Bureau of Labor Statistics (BLS) reported that the US has lost almost 2 million
clerical jobs since 2007, but gained 387,000 managers. The International
Business Times is out early with a report  on the BLS data and the changes to the
workforce. Read it and weep.

    2. CNN
takes a different cut at the BLS data talking
about
the growth in low-income jobs. The headline is that seven of the ten highest employment occupations earn less than $30,000 per year. Many of these jobs earn less
than the current poverty level.

Here is a chart from the BLS data in the report:


And here is
a chart showing current unemployment and average income by education level:


Seems that the best idea is still to go to college.

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