Once in ten thousand years in the job market

There is some profound news afoot and I want to share it with you in case your normal media outlets have reduced it to an afterthought (most have).

Big mainstream media outlets reported the news but failed to report the big story, instead obscuring the story with statistics that only an economist would find interesting.

There are now more service based jobs than farming jobs for the first time in our world’s history. Further, the world’s workers are now skipping the industry sector and heading directly to the services sector.

This changes a pattern that has existed for 10,000 years.

Read about it here “For the first time in 10,000 years, farming is not the dominating industry” with the man credited for bringing this story to light, Peter S. Magnusson.

For another take read more about it here on my Father’s blog who made me aware of the story.

Then try this quick post at Sippican Cottage to add some further context.

And if you just like to watch and want to continue blowing your socks off with new world perspectives watch this pretty-damn-amazing video embedded below by Hans Rosling: Global health expert and data visionary about how the world has changed through industrialization. The video isn’t about the jobs data but is relevant to the underlying story of industrialization.