4 ms·
That's quite an interesting graph. I wonder if it is also influenced by things to do with average age or age of retirement, time spent in school, or something l
by blakesterz 5y ago
That's quite an interesting graph. I wonder if it is also influenced by things to do with average age or age of retirement, time spent in school, or something like that. Just looking at it makes me wonder about demographics/education/etc. That's about a 20% drop over the years, I would assume caused by a number of factors.
- BeFlatXIII 5y agoMy speculation is that it’s like the argument that minimum wages increase the skill floor for employment. However, it’s that a combination of automation and cost optimization eliminated all the marginal jobs, rather than the wage floor. Automation allows a salary employee to pick up what previously would have been a full-time minimum wage position under “other duties as assigned” without overworking them. Cost optimization meant that companies realized that they do not need their floors to be that sparkling clean, further reducing the number of low-wage/low-skill positions.
- erhk 5y agoTax the machines