“Based on this information, occupations with substantial projected job losses are those with the highest wages, which would encourage employers to invest in automation”. Is this statement correct or false? Please discuss your answer making reference to Figure 3. Mean hourly wage, May 2015 (USS)84530151997OptometristsOperations researchanalystsPostal mail servicesorters (various)Machinaoperators(various)-200StatisticiansPhlebotomists.Personal finance advisorsNurse practitioners (various)PhysiotherapistsOccupational therapistsWeb developersPhysical therapist assistants-Interpretors and translatorsParamedical aidesLine of best fitMean ware: 247200Home Health aides Personal care aides-1000100300400Total projected job growth 2014-24 (thousands of employees)500

The impact of automation on a worker depends upon the nature of the tasks carried out by the worker.…

Answered: “Based on this information, occupations…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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“Based on this information, occupations with substantial projected job losses are those with the highest wages, which would encourage employers to invest in automation”. Is this statement correct or false? Please discuss your answer making reference to Figure 3.

Mean hourly wage, May 2015 (USS)
8
45
30
15
1997
Optometrists
Operations research
analysts
Postal mail service
sorters (various)
Machina
operators
(various)
-200
Statisticians
Phlebotomists.
Personal finance advisors
Nurse practitioners (various)
Physiotherapists
Occupational therapists
Web developers
Physical therapist assistants
-Interpretors and translators
Paramedical aides
Line of best fit
Mean ware: 247
200
Home Health aides Personal care aides
-100
0
100
300
400
Total projected job growth 2014-24 (thousands of employees)
500

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