Ludicrous.
As usual when you have the pinheaded talking heads - they leave out whole swaths of comparative data and context and cherry pick their "facts".
There is no mention here, and pretty much every article trying to say how well everything is - UNDEREMPLOYMENT.
Underemployment is a greater problem than unemployment. Throughout the country there are $9 - $13 hr jobs for the taking. They are everywhere, sure that is better than 2009 - 2015 or so when there wasn't even these. But low paying jobs like these cannot support yourself, let alone a family. Even with 2 people both working in these jobs that still is not enough money to buy and maintain a home.
Then there is the point of wage growth. This is also a problem, the earnings that are having the highest increases are the LOWEST paying jobs. So if you have a job that pays $11 an hour...a wade growth of 4% is only $.44 an hour, or $16 more a week.
ALSO - not mentioned in the article is the CRIPPLING high cost of health insurance. Having a job that pays $13 an hour, after taxes is about $430 a week...but you are saddled with a lousy insurance plan that costs you $600/mo. OVER a weeks paycheck.
So, once again - it is all bullshit. Things still suck very much for the lower middle class as well as the middle class.
Underemployment is almost always due to a lack of skills by the worker.
We have job openings for skilled workers all around the country that would pay a good, decent wage.
" Underemployment is almost always due to a lack of skills by the worker. " - That is completely wrong. I can sit here and name of 20 people I know personally that lost high paying jobs and are working for $5 /hr less than what they use to. 30 years ago within easy driving distance there were 3 Auto plants, a major appliance manufacturer, a huge bus manufacturer, a large auto electronics manufacturer, a Delco faucet plant and many-many smaller plants that primarily served these factories.
Today - there is one Auto plant left. Every single other plant is gone. Most to Mexico due to NAFTA.
NOTHING but $9 - $15 an/hr jobs replaced them. And those jobs were paying $15-$17 an hour 30 years ago!
Sometimes you have to move to where the jobs are.
Also, most factory work is not skilled labor, just repetitively doing the exact same task a 1000 times a day. That is why automation was so easy to apply to such functions.
First of all, there is no argument that robotics and automation took most of the jobs, not the point.
The point is for all of the higher paying jobs with solid benefits, they have been replaced with much lower paying jobs with lousy benefits.
Jobs for the masses.
The simple fact is, as society gets more and more advanced, those who cannot learn to adapt...they simply lack the intelligence...and btw that is a large percentage of people. MOST people do not do well in college...did you know that.? That's right - MOST people either drop out, flunk out or are forced to down grade their degree or change their majors to an easier field - than successfully complete their chosen field. It isn't even close.
So it is disingenuous to make the "point" that "well people just need to get better educated or learn how to do things that make them more employable".
That is naive. MOST people can't do that, or don't have the discipline. (Yes I am aware you will jump all over that lack of discipline)
For transparency, let me say I am doing fine. I have a good job, pays better than most. I live comfortably in a nice house, large yard..the whole bit. My two kids graduated in their chosen fields and are doing not just OK, but exceptionally good. So it isn't just me bitching about my own condition.