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Washington Center for Equitable Growth: Brad DeLong: Worthy reads on equitable growth, August 26–30, 2019
30 August 2019
Those who are already doing well in world labor markets are able to benefit - or at least to lose less-from disruption. It is those who are not doing so well who find their inferiority of position amplified by occupation. Read Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas, and Guy Michaels, "The individual consequences of occupational decline," in which they write: "Outcomes for similar workers in similar occupations over 28 years... the consequences of large declines in occupational employment... [m]ean losses in earnings and employment for those initially working in occupations that later declined are relatively moderate, [but] low-earners lose significantly more."