Job Polarization Quotes

The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth - is the devastating slowdown of productivity that began in the late 1990s and struck large swaths of the continent. It holds down the growth of wages rates, and it depresses employment.

The hollowing out of the middle class. That's not just about capitalism or the structure of taxation. That is also about the fundamental truth that machines can do a lot of things better than humans used to do. A lot of those people are being pushed down to do less value-adding jobs, so they get paid less money.

This is … a time when there is increasingly no such thing as a high-wage, middle-skilled job — the thing that sustained the middle class in the last generation. Now there is only a high-wage, high-skilled job. Every middle-class job today is being pulled up, out or down faster than ever. That is, it either requires more skill or can be done by more people around the world or is being buried — made obsolete — faster than ever

The tech-driven economy leads to a two-tier job market where workers are either critical or 'commodity.' This divisive 'winner-take-all' mentality hurts most Americans and worsens economic inequality.

High-skilled workers increasingly choose lucrative jobs that don't serve or supervise low-skilled workers. Low-skilled productivity and wage growth has lagged as a result.

The United States faces structural employment problems because of the long-term effects of globalization and technology. This was only exacerbated by the Great Recession.

Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.

Workfare will merely accentuate the growth of the low-paying, insecure labour market.