. Maybe. Although it is true that this is the category that presumably includes occupations such as robotics engineers, which require specialized skills and command high paycheques, it also encompasses ones that have come and gone. “Word Processors” , for example, were new to the 1980 census and at the time probably looked like sure-bet jobs of the future. These days, however, dedicated word processors are nowhere to be found thanks to everyone typing their own work into their laptops.
Wealth Work is basically service work, albeit service work focused on the demands of the affluent. Baristas and personal trainers presumably go into this category, as would things such as oyster preparer and sommelier.
Still, whatever the issues are with wealth work, they are not as troubling as the ones associated with what Dr. Autor and Dr. Salomons call Last Ditch Work. Last Ditch Work is the work left when technology has taken over most of a job but there is still a smidge left for a human being. Think about the individuals who stand around and help you scan your box of cereal when the automatic checkout at the grocery store has said there is an error.
A study by the Organization for Economic Co-operation and Development shows pretty much the same trends. By their measure, there has been increasing demand since 1980 for those in “cognitively challenging occupations” or those that require advanced levels of education. Service jobs, although they pay a lot less, have also done quite well.
So as automation develops further and global economic forces intensify, how will this all pan out? It is hard not to think that the last-ditch jobs will increasingly disappear and that the displaced workers will be scrambling for other kinds of employment. Some economists see it as a devolution into a world of “lovely jobs and lousy jobs” with little in between.
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