At the time, this was the most serious downturn and disruption to the U.S. economy since the Great Depression of the 1930s.
fortune.com
Middle-income jobs are being defined as between $30,000 and $60,000 a year.
Yes, these were slow in coming back. The economy bottomed out in June 2009 and then began a long, slow upward climb.
Notice that the earlier years of 2010 to 2013 are much more of a bifurcated economy. And not the healthy middle-class society that’s good for democracy, upward mobility, and open life possibilities.
Not this doesn’t mean recovery from the Covid Recession will have the same problem. But this is an aspect to be aware of and keep track of.
Report Shows That Middle Income Jobs Are Finally Rebounding
The Fed suggests things are starting to get better for the 'squeezed middle'
Middle-income jobs are being defined as between $30,000 and $60,000 a year.
Yes, these were slow in coming back. The economy bottomed out in June 2009 and then began a long, slow upward climb.
Notice that the earlier years of 2010 to 2013 are much more of a bifurcated economy. And not the healthy middle-class society that’s good for democracy, upward mobility, and open life possibilities.
Not this doesn’t mean recovery from the Covid Recession will have the same problem. But this is an aspect to be aware of and keep track of.
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