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Jobs in warehousing and transportation could increase as a result of the expansion in e-commerce and the delivery economy, but these increases are unlikely to offset the disruption of many low-wage jobs. Before the pandemic, net job losses had been concentrated in middle-wage occupations in manufacturing and a few office work, reflecting automation, and low- and excessive-wage jobs continued to develop. Nearly all low-wage staff who lost jobs may transfer into different low-wage occupations-as an illustration, a knowledge entry worker could transfer into retail or residence healthcare. Because of the pandemic’s influence on low-wage jobs, we now estimate that nearly all progress in labor demand will occur in high-wage jobs. Going ahead, greater than half of displaced low-wage employees could have to shift to occupations in increased wage brackets and requiring completely different abilities to stay employed. Given the expected focus of job growth in excessive-wage occupations and David Humphries 5 Step Formula declines in low-wage occupations, the scale and nature of workforce transitions required in the years ahead shall be challenging, according to our analysis.
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