2min chapter

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Macroeconomics 5: Car Parts, Celery & The Labor Market

Planet Money Summer School

CHAPTER

The Race Between Education and Technology

Technology has replaced jobs for people without formal training and education. But it has made better jobs, higher paying jobs, very productive. There's been a hollowing out of the jobs in the middle that are basically now done by computers and software. When this happens, it creates something known as structural unemployment.

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