In 1979, when U.S. manufacturing jobs numbered 19.6 million, the annual inflation-adjusted median income for men was about $34,ooo. A “Good Job” was defined as one having health insurance, a pension plan, and earning’s of at least $17 per hour. According to John Schmitt, a senior economist at CEPR, the American economy has lost nearly 6 million manufacturing jobs since then, including 3.5 million of these “Good Jobs” lost between 2000 and 2006 alone. The share of high-school graduates with “Good Jobs” dropped from about one in five in 1979 to one in seven in 2005. In that same period of time however, those that didn’t complete high school and held “Good Jobs” dropped drastically from roughly one in seven to one in 25.
These are various sections from different articles that I have taken notes from. Articles such as these are showing more and ore frequently in newspapers, on tv, and online. What do you think about this shift? Do you think it effects you?
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