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On Fri, Apr 10, 2015 at 6:34 PM, Eugene Coyle <[email protected]> wrote:

> Today's WSJ has an article that begins:
>
> > The American labor market and middle class was once built on the routine
> job–workers showed up at factories and offices, took their places on the
> assembly line or the paper-pushing chain, did the same task over and over,
> and then went home.
> >
> > New research from Henry Siu at the University of British Columbia and
> Nir Jaimovich from Duke University shows just how much the world of routine
> work has collapsed. The economists released a paper today, published by the
> centrist Democratic think tank Third Way, showing that over the course of
> the last two recessions and recoveries, a period beginning in 2001, the
> economy’s job growth has come entirely from nonroutine work.
>
> <snip>
>
> Full at
> http://blogs.wsj.com/economics/2015/04/08/is-your-job-routine-if-so-its-probably-disappearing/?mod=trending_now_3#
>
> But prob. behind a pay wall.
>
> Some interesting graphics in the article.
>
> The discussion among Summers, Bernanke, Krugman and others is pathetically
> light weight.  Summers at least sees the problem but won't face the
> solution.  Bernanke is in a state of invincible ignorance -- by desire, I
> would guess.
>
> Gene
>
>
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