Posts Tagged ‘structural change’

  • Downton Abbey Maids

    Downton Abbey Economics: Downstairs

    Jan 27, 13 • 575 Views • Economic Growth, Economic History, Innovation, Labor, Macroeconomic MeasurementNo Comments

    Like a business affected by a structural change in the economy, the world was shifting downstairs at Downton Abbey. The “business” was run by Mr. Carson, the butler, and Mrs. Hughes, the head housekeeper, while Daisy, the scullery maid, was at

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    Icemen and Pinsetters

    Mar 12, 10 • 209 Views • Innovation, Labor, Macroeconomic Measurement, TechNo Comments

      In a wonderful story, NPR looked at “The Jobs of Yesteryear.”  Among those they discussed were pinsetters, elevator operators, icemen, and lamplighters. For each one, while technology made the occupation obsolete, the economy