For those in the US, the images are not hard to find. On Fox News, angry, typically whiter, older Americans scream at the President and his followers for not ensuring that all the programs, benefits, *entitlements* and, well, middle class life they believe they have earned are not his chief priority. How dare he cut *their* Medicare and use that money for healthcare (for all).
On MSNBC, angry, typically whiter, older Americans scream at state governors and their followers, for not ensuring that all the good government union jobs and, well, middle class life they deserve are not first and foremost in their list of responsibilities. How dare the governor cut *their* good paying, high-benefit union jobs and use that money elsewhere.
Expect these stories, these images, and this anger to continue. Because America, your community, and the world, are all undergoing a *transformational* shift in work and wealth, jobs and opportunity. Only, here's the really scary part. It's not what 'they' do that is under assault. It's what *you* do. From Paul Krugman in today's New York Times:
The fact is that since 1990 or so the U.S. job market has been characterized not by a general rise in the demand for skill, but by “hollowing out”: both high-wage and low-wage employment have grown rapidly, but medium-wage jobs — the kinds of jobs we count on to support a strong middle class — have lagged behind. And the hole in the middle has been getting wider: many of the high-wage occupations that grew rapidly in the 1990s have seen much slower growth recently, even as growth in low-wage employment has accelerated.
And here’s the thing: Most of the manual labor still being done in our economy seems to be of the kind that’s hard to automate. Notably, with production workers in manufacturing down to about 6 percent of U.S. employment, there aren’t many assembly-line jobs left to lose. Meanwhile, quite a lot of white-collar work currently carried out by well-educated, relatively well-paid workers may soon be computerized. Roombas are cute, but robot janitors are a long way off; computerized legal research and computer-aided medical diagnosis are already here.
And research by my Princeton colleagues Alan Blinder and Alan Krueger suggests that high-wage jobs performed by highly educated workers are, if anything, more “offshorable” than jobs done by low-paid, less-educated workers. If they’re right, growing international trade in services will further hollow out the U.S. job market.
And now, cue the 'college education bubble' meme:
But there are things education can’t do. In particular, the notion that putting more kids through college can restore the middle-class society we used to have is wishful thinking. It’s no longer true that having a college degree guarantees that you’ll get a good job, and it’s becoming less true with each passing decade.