Hedging the future of work
Esko Kilpi

While you make some interesting points, this whole post is compromised for me — and I hope other people who care about thoughtful presentation of data and information—by the misleading chart. The vertical axis should run from 0% to 36%, not from 8% to 36%. As presented, it visually exaggerates the proportional decline in US manufacturing.

It seems to indicate that employment in manufacturing decreased more than 95%, when it fact it decreased by about 60%. That’s a dramatic distortion.

The impact is less severe for other countries, but nevertheless significant. Even for Italy—the country least effected, for which there appears to be a complete data series—for the proportional decline of 20% is exaggerated to about 30%.

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