We talk about “non-farm” payrolls, but have you ever wondered what has driven that sector from half of the workforce to less than 1% today?
“The farm population in 1920, when the official Census data began, was nearly 32 million, or 30.2 percent of the population of 105.7 million,” according to the New York Times. Hired farmworkers make up less than 1 percent of all U.S. wage and salary workers (USDA).
Technology has played a big role in this, and it is only accelerating . . .
click for ginormous graphic
Source: CB Insights h/t @ValaAfshar
