The recovery is generating more high-wage jobs — but does that matter?”

The Washington Post; February 24, 2016

There’s still a large part of the labor force that’s been left out of the healthy growth in recent years, says MIT’s David Autor, who has done much to estab­lish how middle-wage jobs in fields like man­u­fac­tur­ing have dis­ap­peared and not been replaced.

 

Our main labor mar­ket chal­lenge is not a lack of high wage jobs; it’s rather the weak or non-existent wage growth in non-college jobs,” Autor wrote in an email. “Less than one-third of American work­ers ages 25-64 have a four year col­lege degree or higher. After three decades of high and gen­er­ally ris­ing returns to col­lege edu­ca­tion, the employ­ment and earn­ings oppor­tu­ni­ties of the other two-thirds of our work­force (i.e., the non-college work­ers) is my main con­cern at present.”