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Jobs Going to the Robots Workers have long feared losing jobs to newcomers, but the threat has changed in the digital age as technology poses a new form of competition.
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They think about their job today and maybe the next one they want. But building a career requires a longer view, including an idea of where markets and employment are heading.
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Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential election.
Hyams: I'll start by just saying that I think to do this job, and there's a bunch of different ways that people do this job, for me, it is a very human job. And so I can talk about the business ...
The labor market has a demographics problem, a phenomenon which may be contributing to an imbalance between supply and demand of workers, despite recent headlines about layoffs.