+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This Great Chart Shows How Middle-Income Jobs Have Been Getting Massacred All Over The Place

Aug 22, 2014, 21:06 IST

Advertisement

The above chart says something really stark. Across a range of countries, middle-income jobs have been getting massacred.

Low paying jobs have grown. And so have high paying ones, over the last several years. But not middle-income ones.

The chart comes from a new paper, being presented at Jackson Hole, by economist David Autor. Autor argues that robots (or computers or automation) have likely hurt middle-skill jobs, but that robots can't and might not ever cause a big problem for high-and-low level jobs that involve more gut feeling (writing a paragraph, straightening up an apartment, etc.). In other words, if your industry job hasn't yet been lost to automation, you might not have as much to worry about as you think.

Next Article