Consider the figures below. Taken together, do the figures support arguments regarding poverty, mobility or job polarization? Explain the argument. Explain why each figure is consistent with one of these economic concepts. Be sure to connect the details in the figure with the definition of the concept. Breakdown of Employment SharesPercent45Routine occupationsNonroutine occupations40Cognitive3530Manual2520Cognitive15Manual101975 1980 1985 1990 1995 2000 2005 2010 2015 1975 1980 1985 1990 1995 2000 2005 2010 2015Source: U.S. Census Bureau, Current Population Survey.Note: The bands indicate recessions as defined by the National Bureau of Economic Research. Employment SharePercent60Routine occupations5550Nonroutineoccupations45401975 19801985199019952000200520102015Source: U.S. Census Bureau, Current Population Survey.Note: The bands indicate recessions as defined by the National Bureau of Economic Research.

The poverty here denotes the number of persons who are not being able to meet basic necessities like…

Answered: Consider the figures below. Taken…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the figures below. Taken together, do the figures support arguments regarding poverty, mobility or job polarization? Explain the argument. Explain why each figure is consistent with one of these economic concepts. Be sure to connect the details in the figure with the definition of the concept.

Breakdown of Employment Shares
Percent
45
Routine occupations
Nonroutine occupations
40
Cognitive
35
30
Manual
25
20
Cognitive
15
Manual
10
1975 1980 1985 1990 1995 2000 2005 2010 2015 1975 1980 1985 1990 1995 2000 2005 2010 2015
Source: U.S. Census Bureau, Current Population Survey.
Note: The bands indicate recessions as defined by the National Bureau of Economic Research.

Employment Share
Percent
60
Routine occupations
55
50
Nonroutine
occupations
45
40
1975 1980
1985
1990
1995
2000
2005
2010
2015
Source: U.S. Census Bureau, Current Population Survey.
Note: The bands indicate recessions as defined by the National Bureau of Economic Research.

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