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The divergence of wages and productivity growth
#5
This is pretty interesting and can explain at least part of the anxiety of the white working class:

Quote:The occupations most likely to shrink over the next decade may help explain why older, white American men are signaling greater economic anxiety: They’re most likely to hold those disappearing jobs. Economist Jed Kolko analyzed Labor Department projections andCensus Bureau demographic data and found white men, older adults and the less educated are all more likely to be employed in work that’s expected to decline over the next decade. The analysis shows these jobs have neither the highest unemployment rates, nor the lowest incomes, which may help explain why economic anxiety remains high among those who aren’t necessarily the worst off in today’s labor market. Strong support for Donald Trump among the white working class has produced a steady diet of analyses for what might fuel his riseA Gallup survey last month suggested his supporters are more easily identified by measures of racial isolation and cultural anxiety than by their personal economic well-being. The Gallup survey and others have examined concerns over declining standards of living, including rising mortality and health issues.
How Shrinking Occupations Could Explain Rising Economic Anxiety - Real Time Economics - WSJ
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RE: The divergence of wages and productivity growth - by stpioc - 09-09-2016, 01:16 PM

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