According to the now-infamous administration mouthpiece known as the Associated Press, in a story by Bernard Condon and Paul Wiseman, many jobs lost are gone for good. The villain--technology.
Also companies have been forced to do more with fewer people. With the coming of the health care law, many companies will also want to stay under 50 people to avoid the law.
Half of the 7.5 million jobs lost recently paid well--between $38K and $68K. Only 2% of those that came back pay that.
This "hollowing out" of the middle class workforce is far from over. Technology is axing far more jobs than it's creating.
Startups can launch with one-third fewer people--thanks to technology.
Usually technology will eventually create more jobs. Will that happen this time? Yeah--for robots! And THEY will be made by fewer humans.