Monday, July 18, 2011

Employment verses Manufacturing Output

Since this is one of my favorite graphs, I have probably posted it before. Here is a great graph of manufacturing output and employment in manufacturing:

The same trend has been occurring for centuries in farming. Retail and sales seem to be getting hit pretty hard too as technology wipes out jobs.

The article I found that graph in was pretty disturbing. If it is typical of the views of business owners I may start predicting a return to Marxism sometime in the next century... More likely though is those people who are willing to hire and train huge numbers of people will take over and out compete those who avoid hiring.

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