The hollowing out of the middle class associated with job loss in a wide variety of middle class occupations is known as:
A)Labor market polarization
B)Unemployment
C)Routine adjustment theory
D)Right-sizing

Question

Quizplus · Accepted Answer

Labor market polarization refers to the concentration of job growth in high-skill, high-wage occupations and low-skill, low-wage occupations, leading to a hollowing out of middle-skill, middle-wage jobs. This phenomenon has been associated with the loss of jobs in many traditional middle-class occupations, such as manufacturing, office administration, and some types of retail jobs. Unemployment refers to the absence of employment, while routine adjustment theory and right-sizing are more specific concepts that do not capture the broad trend of middle-class job loss.

The Hollowing Out of the Middle Class Associated with Job