Tyler Cowen over at The Atlantic adds his two-cents regarding economic forecasts and the disappearing middle class. However, it was this portion of his discussion that caught my eye:
Third, I find it striking that American mobility peaked sometime in the 1980s. Today there are people moving to find jobs, but not at anything like previous levels in earlier downturns. Some of that results from “the problems are in many different places” and that’s bad news. But some of it is also “being jobless today involves some greater cushions than in earlier times.” Very few people are facing potential starvation. For instance many more men have working spouses. Durable goods have become more durable, or in other words your car is less likely to break down and that makes joblessness somewhat easier to bear.
This is an interesting quote. But I don’t think it fully applies to the Latino workforce. Latinos have a long history of moving to find work and this hasn’t changed – even during our current economic environment. Agriculture and other industries have attracted the Latino workforce and allowed them help rebuild some regions of the country.