STAT OF THE WEEK

Posted Apr 03, 2024

If your job would baffle your great-grandmother, you're not alone. About six out of every ten jobs people do today didn't exist in 1940, according to an MIT economist's new analysis of US census data from 1940 to 2018. While many of those jobs were created by new technologies, some came from changing consumer needs. And while in the first 40 years of that nearly 80-year period, most of the new jobs, including many manufacturing and clerical positions, were scooped up by the middle class, the more recent jobs have tended to be either highly paid white-collar or lower-wage service jobs.