More on Employment Trends

I find it best to look at a given topic from several vantage points – slicing the statistics finer and coarser, comparing to other time periods or regions, slicing orthogonally (e.g. by age, by occupation, by education level), etc.  In Why hardly anyone in the U.S. economy feels prosperous anymore, Robert Cringely slices the employment figures over the last decade by wage levels: high, mid, and low. High and low are growing with a few dips. Mid is falling. He compares these figures to the great Depression and announces that he’s found the reason. It is his next column, Ticked off: How stock market decimalization killed IPOs and ruined our economy which I referred to in my previous column, Heterodox Thinking.