Failing on Two Fronts: The U.S. Labor Market Since 2000

"In a new CEPR report out today, I argue that the US labor market is failing on two fronts. The first failure is the decades-long stagnation of real wages at the middle and the bottom of the wage scale –even as earnings at the top have grown rapidly. The second failure, only apparent since the early 2000s, is the sharp deterioration in job creation. "

TFF: might also be that the share of jobs in individual occupations is decreasing; plus, it is decreasing more in low income individuals than in high income individuals, meaning rich individuals depend more (and each time more) on wages/jobs for satisfaction of their needs (physical, social, individual, spiritual, etc.) then poor individuals - in part because if poor individuals have denied access to jobs, people find other solutions. With the generalization of technology and easier access to information/knowledge/people the logistics are easier and transition communities are growing like mushrooms. Internet revolution is still playing cards and showing its effects and changing people and society's way of living. Technology is accelerating change. People will depend less and less on jobs. I believe there will always be room and need for markets/jobs/money. The weight of markets in society have been growing since centuries ago. I'd say jobs reached 90% weight in people's wealth in USA. And maybe it is declining, giving room to other types of social organization/society, non-market, or at least non-labour-market ones.