The workers who have the skill, talent, and luck to get these jobs generally do very well. America's middle class may be anxious, but objectively, it is doing fine. The people who are really doing badly are those who do not have good jobs and never did. Those with lousy jobs have seen their already-low wages slowly but steadily sink. It does if you are trying to set any sort of policy priorities.
Money is scarce and so is political capital.
If we focus on small problems that make headlines, we will ignore bigger problems that don't. So let's give Joe Stiglitz some credit. No doubt his political masters allowed him to downsize the issue of downsizing at least partly because they believed that good news re-elects presidents. Sometimes, however, an economic analysis that is politically convenient also happens to be the honest truth. Links You can link to and read the Stiglitz report which is now on the Web.