We live in the modern world and had almost resigned to the fact that cars and technology do some work better than us. As the labor market has changed under the influence of technology? Consider America's example - based on AMarkets.
Charts provided by NRP (via ZeroHedge.com), show the evolution of the US labor market over time. For simplicity, summarizing the entire labor market is divided into several categories: "white collar", "blue collar" segment of the farming and services.
Schedule - How has the number of jobs in each category over the past 165 years:
In the early 20th century in America were about 10 million people engaged in agriculture. Now the number of farmers hardly reach 1 million. And most of these people producing food. Rather than it engaged in agriculture.Technologies have killed a significant share of farm work. Machines now do what people did. Farmers work in the human performance has become less. But an increasing number of jobs in the service sector. For office workers and "blue-collar" (those who serve machines) work, on the contrary, increased. It is interesting that in some sub-segments technologies in different ways influenced the human labor market at different periods of time. So, in the 60s there was a peak in demand for accounting services. Then, the demand went down.
Technologies (accounting software, etc.) Have evolved in such a way that the steel workers take more functional in humans. The graph clearly shows this trend:
Here are more figures. In 1960 11% of the workforce were employed in factories. Now this percentage is only 4%. At the end of the 70s the number of secretaries / administrators was 5% of the total workforce. Now the share of no more than 2%. And all because of the excellent computer software which takes a portion of the administrative concerns itself. The bottom line - the car affect the labor market and very strong. On the financial and investment market trend is particularly clear. Already, a large share of payments, forecasts, models operate for cold-blooded investors trading algorithms.