PART6DemandandSupplyinFactorMarketsCHAPTER18HOWINCOMESAREDETERMINED
Technologicalchangedestroyssomejobsandcreatesothersand,ontheaverage,thenewjobspaymorethantheoldjobsdid.Buttobenefitfromtechnologicalchange,peoplemustacquirenewskillsandchangetheirjobs.ReallocatingLabor
Between2002and2012,thenumberofjobsinclothingmanufacturing,tobacco,andmetaloreandcoalminingisexpectedtodecline.ReallocatingLaborButthenumberofservicejobs,especiallyincomputeranddataservices,isexpectedtoexpand.Changesindemandandsupplyinthes
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