What Does the Changing Sectoral Composition of the Economy Mean for Workers?

Isaac Sorkin

Chicago Fed Letter, 2016, No 358

Abstract: Over the past quarter of a century, the share of jobs in the U.S. economy in manufacturing has declined, while the share of jobs in services has risen. A common view is that because manufacturing jobs are relatively high-paying jobs, this shift has been negative for workers. However, jobs also differ in other ways, so looking only at pay gives an incomplete picture.

Keywords: Economy; employment (search for similar items in EconPapers)
Date: 2016
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