The evidence can be found in the data, which shows higher unemployment for workers in business services and a lower one for people who work in manufacturing.
America’s job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers and a flagging interest in hiring more “knowledge-based” professionals.
The evidence can be found in the data, which shows a higher unemployment rate for professional and business services workers, and a lower one for people who work in manufacturing.
“It’s a buyer’s market for brain and a seller’s market for brawn,” said Aaron Terrazas, chief economist at the jobs and workplace search site Glassdoor.
If you believe Peter Zeihan then you know why this is happening and you also know that this trend will both accelerate and expand.
In a nutshell the United States is de-globalizing and that requires the return of production and manufacturing to US shores. As that work comes back home increasing amounts of skilled labor will be required for every step in a very long logistics chain.
If he’s correct, and I think he is, then the next 20-30 years are going to be great for skilled labor.