The job market remains ugly, regardless of the boasting from the president, the Fed and Wall Street’s talking heads. As we have explained on more than one occasion, we’ve replaced high-paying jobs in the manufacturing sector with low-paying jobs in the services and health care sectors. That is not how you build up a middle class that will support your economy.
Security in the job market doesn’t look like it’s going to improve anytime soon. A recent survey of 5,006 adults by the Pew Research Center revealed that more than half of American workers believes there will be less job security over the next 20 to 30 years. What’s more, technology is seen as a rising threat to jobs.