Schmitt, John; Jones, Janelle - Center for Economic and Policy Research (CEPR) - 2012
, especially those at the middle and the bottom of the pay scale. The restructuring of the U.S. labor market – including the … unemployment well above the full employment level – has substantially reduced the bargaining power of U.S. workers, effectively … pulling the bottom out of the labor market and increasing the share of bad jobs in the economy. In this paper, we define a bad …