It ain’t just the postal service: Recession, tech kill middle-class jobs

This isn’t strictly speaking, a postal story, but it shows how the decline in middle class jobs overall parallels the drop in postal employment. The excerpt and video below are from the first in a three part series to be published by the AP.

NEW YORK (AP) — Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.

And the situation is even worse than it appears.

Most of the jobs will never return, and millions more are likely to vanish as well, say experts who study the labor market. What’s more, these jobs aren’t just being lost to China and other developing countries, and they aren’t just factory work. Increasingly, jobs are disappearing in the service sector, home to two-thirds of all workers.

They’re being obliterated by technology.

Read more: AP IMPACT: Recession, tech kill middle-class jobs.

A pair of articles from the Atlantic late last year provide more details of the economic impact of the decline of the middle class:

The End of the Middle Class Century: How the 1% Won the Last 30 Years

The End of Middle Class Growth: What It Means for the Future of Work, Family, and the Economy