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For the first time on record, the nation's overall economic growth has left the wages of American families in the dust. The economic crisis has roiled financial markets, sure, but its long-term consequences will be felt by Americans from coast to coast.
The Wall Street Journal had this fascinating article about the recent growth of jobs in skilled trades due partially to industry expansion, and partially to the impending retirement of baby boomers. The struggle to attract younger workers to these fields is a bit mystifying--although the article blames the stigma of "blue collar" work as much as it does the push for young people to go to college as deterrents, I think these could only amount to small reasons why people are not lining up for the
Salon.com just started a great new series called "Pinched," which are personal narratives of middle-class folks trying to make it through the latest tough economic times. The most recent piece is a heartbreaking article by a woman who, even with a master's degree and a full-time job, recently had to take her kids to a soup kitchen to feed them. She has the following sobering insight:
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