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Ron Woods of Challenger Financial Services Group points out, almost three-quarters of all of the net job growth in the private sector in the past five years has come from just three sectors: construction, retail and property, and business services. A lot of the retail growth is property-related - furniture, window coverings, soft furnishings and whitegoods. In the first quarter of the year, the three sectors accounted for 87 per cent of all jobs created (including the public sectors).
Pete said:Ray,
I look around the engineering offices where I work. Every single person sits in front of a computer tapping away. What do they really produce?
Over the last generation a tremendous amount of manufacturing has disappeared from the Australia.
Asian economies in particular have become the workshops for much of the world.
I can foresee that engineering work currently done in offices like the one I'm in will with time be largely done overseas. It has happened / is happening with computer software development and much other work.
Skills and training of the next generation of Australian workers is apparently being severely neglected - according to recent media reports.
There are major changes occuring. As I see it, this is a continuation of the changes that have been happening over the last century and a half. From when most people lived on the land and have moved into the cities with increasing industrialisation.
Like you, I wonder where does it lead?
regards,
I agree A.L., although I don't consider the army of new real estate agents to be Knowledge workers. More like affected leeches IMO.From my point of view Knowledge workers as a group are simply an order of magitude more effective that there most hard working non-knowledge workers, such as production line workers, who in turn are 10 times more effective than agricultural manual field workers.
Ditto...Peter 147 said:It is bit like where I grew up in Shepparton.
...
As a boy Dad worked at SPC cannery,