Digitalization has led to a burst of jobs in computer system design—up by around 40 per cent over the past five years. There has also been a boom in healthrelated jobs, particularly elder care. Almost all the jobs created in services have been full-time, and about two-thirds have been in industries that pay higher-than-average wages.
Over the past year, servicesector wage gains were much stronger than those in the goods sectors.8 Yet, even after accounting for these regional and sectoral factors, wage growth overall is still a bit short of what one would expect at this stage. This is particularly puzzling when you consider what businesses are telling us about how hard it is to fill jobs.