2  See Connolly and Lewis (2010), “Structural Change in the Australian Economy”, RBA Bulletin, September, pp 1–5. 6  BIS central bankers’ speeches  One reason that they draw this conclusion can be seen in a long-run graph of employment shares by industry (Graph 8).
In the middle decades of the twentieth century there was a lot of structural change as the share of the workforce that was employed in the agricultural sector declined as more capital-intensive farming techniques became widespread.