Understanding The Exciting, New, Disrupted Labor Market

The Labor Market is changing fast. New jobs are being created at a record rate, remote work has now become standard fare, and the demand for service jobs is explosive. According to EMSI, there are 24% more jobs in the US than there were a year ago.

What are all these jobs? They’re in healthcare, distribution, software development, design, and even retail and entertainment. In the words of The Economist, the job market is churning. A lot of routine jobs went away during the pandemic, leaving us with more service jobs than ever.

“A paper by Joel Blit of the University of Waterloo, in Ontario, argues that “all of the routine job losses in Canada have occurred over the past three recessions”, with America seeing similar trends. Pandemics speed automation, partly for the reason identified by Coffee shops: to stop people getting sick. Economists call this forced automation. Previous pandemics, from h1n1 in 2009 to Ebola in 2014, hastened the adoption of robots.”

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