Job Market Monitor
Middle class
US – Families in middle class make less than they did 5 years ago
The purchasing power of the typical American family is 3.1 percent lower now than it was five years ago. No wonder people are unhappy about the economy! The benefits of rising levels of economic activity have simply not accrued to middle-income wage earners. Chosen excerpts by Job Market Monitor. Read the whole story at Why the Middle … Continue reading
The US Middle Class – 20 percent poorer than it was in 1984
As the Russell Sage Foundation points out, the slow housing recovery means that, in 2013, median households were still 36 percent poorer than they were a decade earlier. In fact, the housing bust was big enough to erase all the gains the middle class had made the past 30 years—and then some. As you can see below, … Continue reading
US – A Middle Class Job No Longer Supports a Middle Class Life
Eighty-five percent of the middle class say their standard of living is harder to maintain than it was a decade ago. This is due, in large part, to the fact that a middle class job often no longer supports a middle class life. Namely, their incomes have not kept pace with the costs of the … Continue reading
The Middle Class – Canada vs US
Canadians have little doubt that they face less financial stress about medical costs than Americans. Many also credit their labor unions for the size of their paychecks; union membership rates are higher in Canada. Canadians also know that the American housing bubble and bust were more severe than their version. via Life in Canada, Home … Continue reading
US – What happened to the middle class? (Infographic)
The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?” Source: BestMSWPrograms.com Related articles The decline of middle-class workers / Job polarisation and wages Skills Gap – Middle-skill Workers – New England: … Continue reading
Asian Fragile Middle Class – 2.8bn people on the brink
Muljoko, a 27-year-old cleaner who works in one of Jakarta’s gleaming office towers, has all the trappings of a newly minted member of the middle class. He owns a motorcycle, slings a Sony smartphone and has a futuristic-looking phone-watch strapped to his wrist that he uses to text friends during working hours. He is infinitely … Continue reading
Canada / The Middle-class dream is a ‘myth’ says an internal report
Canada’s middle class is mortgaging its future to stay afloat, making the Canadian dream “a myth more than a reality.” That’s the blunt assessment of an internal Conservative government report, an unvarnished account of the plight of middle-income families that’s in contrast to the rosier economic picture in this month’s budget. The document was prepared … Continue reading
The decline of middle-class workers / Job polarisation and wages
Employment in traditional middle-class jobs has fallen sharply over the last few decades. At the same time, middle-class wages have been stagnant. This column reviews recent research on job polarisation and presents a new study that explicitly links job polarisation with the changes in workers’ wages. Job polarisation has a substantial negative effect on middle-skill … Continue reading
US / Fewer think of themselves as middle class
Despite a slowly recovering economy, the proportion of Americans who identify themselves as middle class has dropped sharply in recent years. Today, about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%), according to a recent Pew Research Center/USA TODAY survey. Chosen excerpts by Job … Continue reading
US Skills Gap / The Labor Market Polarization
the decline in the share of workers in middle-skill jobs is due both to a decline in inflows into these jobs and because of a rise in outflows from these jobs research finds Continue reading
UK / Middle-class young ‘will fare worse than their parents’ finds Commission
David Cameron’s social mobility and child poverty inquiry to issue grim warning as debt and job fears create ‘perfect storm’ Today’s middle-class children are on track to be the first in more than a century to be materially less well off in adulthood than their parents, a government commission is expected to warn this week. … Continue reading
US / A Third Now Say They Are in the Lower Classes
The percentage of Americans who say they are in the lower-middle or lower class has risen from a quarter of the adult population to about a third in the past four years Continue reading
Amazon / Is the hiring spree a good news for the Middle Class ?
Amazon says the median pay for jobs inside its fulfillment centers is “30% higher than that of people who work in traditional retail stores. Amazon is paying above the industry average, it’s not paying its workers a 30% premium. Continue reading
US / Student Financial Aid / Neediest students to pay more than their families’ yearly earnings
“With their relentless pursuit of prestige and revenue, the nation’s public and private four-year colleges and universities are in danger of shutting down what has long been a pathway to the middle class for low-income and working-class students” writes Stephen Burd in Undermining Pell – How Colleges Compete for Wealthy Students and Leave the Low-Income Behind … Continue reading
US / Middle Class More Anxious than Aspirational poll says
While the American middle class is still optimistic about getting ahead, they have become increasingly fearful that they may fall behind, according to poll results by The Allstate Corporation (NYSE: ALL) and National Journal. The 16th quarterly Allstate-National Journal Heartland Monitor Poll focuses on the American middle class and seeks to uncover important insights about … Continue reading
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