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What Does the Changing Sectoral Composition of the Economy Mean for Workers?

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  • Isaac Sorkin

Abstract

Over the past quarter of a century, the share of jobs in the U.S. economy in manufacturing has declined, while the share of jobs in services has risen. A common view is that because manufacturing jobs are relatively high-paying jobs, this shift has been negative for workers. However, jobs also differ in other ways, so looking only at pay gives an incomplete picture.

Suggested Citation

  • Isaac Sorkin, 2016. "What Does the Changing Sectoral Composition of the Economy Mean for Workers?," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhle:00046
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    Keywords

    Economy; employment;

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