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Simultaneous job creation and destruction characterize all economies

Economic growth happens as jobs become more productive, but also as more productive jobs are created and less productive jobs disappear. These gains may ultimately be driven by new goods, new methods of production and transportation, and new markets, but they materialize through a constant restructuring and reallocation of resources, including labor. Net job creation figures hide much larger processes of gross job creation and gross job destruction. On average across developing countries, between 7 and 20 percent of jobs in manufacturing are created within a year, but a similar proportion disappear.




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