In a recent blog posting, Jonathan Morgan highlighted an article that discussed job creation strategies in several communities and regions across the US. Such examples are welcomed success stories given the precarious nature of today’s economy. The Center for Economic and Policy Research published a report last month that examines why job creation, specifically the creation and maintenance of good jobs, has become so difficult.
Where Have All the Good Jobs Gone? analyzes employment data over the past three decades and determines that the U.S. workforce is substantially older and better-educated than it was at the end of the 1970s; yet, the share of “good jobs” in the economy did not increase in line with improvements in the quality of workforce. Instead, the share of “good jobs” in the U.S. economy decreased. The report offers a unique perspective on today’s fiscal climate in that it attributes the deterioration in the economy’s ability to generate good jobs to long-run changes in the U.S. economy, rather than short-run factors related to the recession or recent economic policy.
Kendra Cotton is a project director with the UNC School of Government