Study: Factory Jobs on Decline Globally But China May Buck Trend

Study predicts decreasing factory jobs in most countries by 2050, even with low-cost labor.

China may be an exception, expanding manufacturing share to 43.8% by 2050.

Many countries will transition from agriculture directly to services due to new technologies.

Worldwide, service jobs projected to make up 37% of jobs by 2050, up from 12% currently.

Manufacturing likely to stay below 8% of employment in low-income countries through 2050.