13 - Nature and Location of Jobs
ucla | GEOG 4 | 2023-11-13 15:34
Table of Contents
1970s - Present
- increased off-shoring of capital and labor in manufacturing
- new technology automates manufacturing labor
- new jobs will be unaffected by automation
- new technology automates manufacturing labor
- rise of dual structure service industry - separated by educational poles
- producer financial focus: FIRE - finance, insurance, real estate
- producer vs consumer services (healthcare, retail, etc.)
- decline of manufacturing jobs
- some service sector jobs outsourced
- manufacturing sector is specific to the market for location of jobs
- disappearance of manufacturing jobs req <= hs degree
- producer financial focus: FIRE - finance, insurance, real estate
- increased income and wealth inequality
- capital benefits much more than labor from globalization
- decline of unions
- decreased high marginal income tax rates
- rising ceo pay relative to workers
- declining social mobility
- capital benefits much more than labor from globalization
- decrease in employment, rising dependent population
- increase in part time employment and structural unemployment
- no longer a correlation bw unmployment and inflation
- labor markets are transnational
- inflation no longer driven by wage inc/dec -> mostly US spending and printing
- increase in part time employment and structural unemployment
- rise of financial service industry as driver of econ. growth in core
- decline in manufacturing
- rise in service sector jobs
- rising impact of agglomeration econ
- FIRE: finance, insurance, real estate - new york, london
- Tech - silicon valley, bay
- vertical disintegration of firms
