Question

In: Economics

Changes in labor demand are of considerable significance because they affect employment in specific occupations. For...

Changes in labor demand are of considerable significance because they affect employment in specific occupations. For example, email, Facebook, etc., have decreased the demand for postal service workers by 30% over a ten-year period. Name a few occupations that you feel will grow in demand over the next decade. Name a few occupations that you think will decline in demand. In each case, explain your reasoning. Has the Covid-19 pandemic changed how you respond?

Solutions

Expert Solution

There is a decrease in the the number of taxi drivers as more automated cars will arrive in the market over the next decade and similarly there would be a decrease in the demand for stationery items such as books as a result of more usage of computers etc. The covid-19 pandemic has accelerated this phenomena as more people prefer to use the the automated cars due to social distancing policies and similarly it also goes in line with stationary as it involves minimal contact when compared to that of writing.


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