Tech Is Splitting the U.S. Work Force in Two
2/11/19
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from The New York Times,
2/4/19:
A small group of well-educated professionals enjoys rising wages, while most workers toil in low-wage jobs with few chances to advance.
Automation is squeezing all but the most-skilled workers from productive and high-paying industries, like tech and manufacturing, while pushing the lower and middle-skilled toward less productive ones — such as nursing homes, hotels and restaurants. But these industries, which stay profitable mostly by paying workers less, are creating the most jobs. The phenomenon could explain the recent slowdown in productivity and wage growth. It also challenges the notion that “technological progress lifts all boats,” …
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