Some Employment ‘Permanently Erased’

Between the economic downturn in late 2007 and our current 10% unemployment rate, some jobs are gone forever, going the way of typewriter repairmen and streetcar operators.

Some jobs are becoming more automated (secretaries, mailroom clerks, directory publishers, photofinishing, etc.), while careers related to the housing and credit markets may have been “permanently erased” by the bust.

Article Continues Below

Harvard University economist Lawrence Katz tells the WSJ that “the tremendous amount of economic activity associated with housing, I can’t see that coming back. That was a very unhealthy part of the economy.”

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.


Leave a Comment

Your email address will not be published. Required fields are marked *