According to an article published this week on Pymnts.com, the U.S. added 48,000 retail jobs in March of this year – good news for job seekers and the economy in general (more earners put more money into circulation).
However, during the same period, 29,000 manufacturing jobs were lost. Statistics reviewed over several years indicate that this adverse trend is increasing – retail positions (largely less-skilled workers at minimum wage) continue to grow while skilled production jobs decrease. The net result for large corporations is more profits, as sales increase and production coasts go down.
Although this trend may be of interest to those with money to speculate, it makes me wonder what is in store for U.S. jobs in the future and how workers should plan to position themselves as the job market changes over time.
Read the whole story here. I’d love to see comments below.