*Not Working: Where Have All the Good Jobs Gone?*
That is the new and forthcoming book by David G. Blanchflower, here is one excerpt:
The high-paying union private-sector jobs for the less educated are long gone. Real weekly wages in April 2018 in the United States were around 10 percent below their 1973 peak for private-sector production and non-supervisory workers in constant 1982-84 dollars. In the UK real wages in 2018 are 6 percent below their 2008 level.
In the post-recession period underemployment has replaced unemployment as the main indicator of labor market slack.
This is a very good book for anyone wishing to rethink what is going on in labor markets today. In his view there is plenty more slack, as evidence by sluggish wage behavior. You can pre-order here, due out in June.