This Labor Day finds the labor market still struggling and workers pining for the good ol' 1990s.
Unfortunately, the country's problem isn't just that the economy is down and we have to wait for it to come back. The problem is that our economy is undergoing a fundamental shift away from good quality middle class jobs. Jobs that can sustain a middle-class lifestyle are disappearing at a rapid rate while low-wage jobs are taking their place.
A recent study by the National Employment Law Project found that three-fifths of all jobs lost during the recession paid middle-income wages, while roughly three-fifths of new jobs created during the economic recovery pay low wages, NELP found. Both economic forces and government budget cuts are causing this deficit of good jobs, according to the study.