Economic Recovery is not as Rosy as it Seems

Lydia dePillis in The Washington Post examines whether the recent uptick in high-wage jobs indicates that the U.S. job market has made a full recovery.

“First of all, the economy is digging out of a big hole. This graph, from a 2014 paper by MIT economist David Autor, shows how in the period between 1999 and 2007 the share of low-wage occupations increased a lot, while middle and high-wage occupations were basically flat. Over the next five years represented by the green line, there was large growth in both low and high-wage occupations, while middle-wage occupations lost ground.”