It’s more intense than I thought:
The last labor market trend we found was the rapid decline in retail jobs, shown in the chart below. Retail sales increased by about 7.5 percent of employment from 2003 to 2013 but fell to only 5.7 percent of employment, a drop of nearly 25 percent in just ten years. Put another way – the US economy added 19 million jobs between 2013 and 2023 but lost 850 thousand sales activities. The decline began well before the pandemic.
And STEM jobs are definitely on the rise, even if that’s what they tell you in school:
This figure also shows the rapid growth of jobs in business and administration. The fastest growing jobs in that category are science and engineering managers, management analysts, and other business operations professionals. This is especially surprising because STEM employment he refused slightly between 2000 and 2012.
For a good picture in the link. All that from David Deming, and other interesting stuff throughout.
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