Brains, Education and Jobs

My favorite economist, Paul Krugman, has just begun to address computerization and its effects on employment. Today's column addresses the "hollowing out" of the distribution of jobs. He includes an interesting graph comparing job distribution by skill level in the 80's the 90's and the first decade of the current century.

In a nutshell, mid skill level jobs are disappearing. In the past decade, so are jobs at the higher skill level. In another post, he shows how the ratio of pay for college graduates compared to high school graduates stabilized more than a decade ago.

If your children and grandchildren want an occupation with a reliable future, they need to find something that isn't easily replaced by computers and can't be readily outsourced offshore. Crafts such as plumbing, cabinet making and welding might be good candidates.