Josh Lehner at Oregon Economic Analysis:
... I do want to point out that the fundamental changes occurring in the
labor market are best seen at the occupational level not the industry level.
When discussing cognitive or routine or manual type functions and how
technological change is impacting them, these generally cut across
industries by occupation. When I look at employment growth from 2010 to
2012, using occupational groups, I get the following (trying to match the
great graphics that both the WSJ and Atlanta Fed use)..
What we see here is strong job growth at both the top and bottom ends of the
wage spectrum. Yes, food preparation and personal care account for a
disproportionately large share of jobs gained in recent years, but so too
have business and financial services, healthcare practitioners, computer and
mathematical occupations and management. Where we have seen slower growth is
in the middle. The light blue bars, which I term lower middle-wage jobs
account for about 40% of all occupations in 2012 yet account for just 26% of
the growth. The dark blue bars, which I term upper middle-wage jobs, account
for another 19% of all occupations and 0% of the growth. This, by
definition, is job polarization. ...
Posted by Mark Thoma on Tuesday, August 20, 2013 at 02:07 AM in Economics, Income Distribution |