The jobs shift – over the decades

Here is good description by the Wall Street Journal on the changing economy, seen from the point of view of jobs.

The analysis reinforces what I have been saying for some time — the recession of the 1970s were the last industrial age recession and the recession of 1980s and 1990s were information age recessions. The analysis also makes another important point: the the “aughts” (2000-2009) was a lost decade. The growth in the Bush years was an illusion — an illusion we are still paying for.

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