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Quote of the Day: Job polarization
A decline in demand for middle-skilled work -- a phenomenon dubbed “job polarization,” because more positions are concentrated at the higher and lower ends -- has played a role in keeping prime-age men out of the job market, Didem Tuzemen, an economist at the Kansas City Fed, wrote in the paper released this week. Without job polarization, Tuzemen estimated that 1.9 million more prime-age men would have been employed in 2016.
https://www.bloomberg.com/news/articles/2018-02-23/prime-age-men-may-never-return-to-u-s-workforce-fed-paper-says