The 'jobless' recovery.

[Digga]

I'm not talking about constipation during a time of rising GDP, but the phenomenon of jobs lost in a recession never being replaced. I'd just read this: http://blogs.reuters.com/chrystia-freeland/2012/04...

Article said:

my father-in-law, who used to be an executive in the oil industry,’’ Siu said. ‘‘He said: ‘That is exactly what happened. Every vice-president had a secretary, then they fired them during the recession. But after the recession we had to pair up, and two vice-presidents had to share one secretary

My FIL worked in insurance and saw the transition in the 90's from dictating letters to secretarys, to having to type one's own reports on a PC.

I think we're at that point now with many jobs lost in the recent recession. Might be why the recovery is not a 'feel good' one perhaps?