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November 03, 2006

Occupation vs industry

Economists often refer to a worker's industry, such as manufacturing, government, transportation or education, but in today's workplace, their occupation bears a stronger relationship to what the worker earns. N.C. State University economist Mike Walden explains.

“For example, in manufacturing, we think of most manufacturing workers as people who are on the factory floor assembling things," Dr. Walden says. "Actually, one in five manufacturing jobs are in the management or professional occupations like engineering and computer science.

“Also three out of 10 jobs in agriculture are managerial or professional.

"And the point here is that those kids of occupations bear more of a relationship to what you earn than to the industry in which you work."

Posted by deeshore at November 3, 2006 08:35 AM