: Employers have demanded higher skill levels, according to Bloomberg. Workers have stayed in school longer, and it paid off. Photographer: Andrew Harrer/Bloomberg In recent decades, the American labor market has undergone major restructuring. Here are four charts explaining how the economy and job market have transformed — and who has benefited from the upheaval. Different Demands Americans shifted their budgets away from food and clothing between 1947 and 2007 as such items became easier to produce and cheaper. They're drawn from a new study by Georgetown Anthony Carnevale and George Washington University research professor Stephen J. Rose.
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