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An important step in European integration was taken in May 1950 when the French foreign minister, Robert Schuman, proposed that a common market for coal and steel be set up by countries willing to delegate powers over these sectors of their economies to an independent authority.
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Even better, layer a couple of specific picks such as HSBC and Bank of America (my favorites) over these sector ETFs for the best of both worlds.
Will demand persist over time in these sectors, and if not, will the impacts of such specific training diminish even faster?
There will be an expected 2m jobs added to these sectors over the next 10 years.
"This is due to a variety of factors, chief among them being the automation and information technology advances absorbed by these sectors over this time period".
Yet in the euro area productivity in these sectors fell by 9% over the same period.
These sectors' spending have increased over this 20-year period but mostly in the last decade.
Energy and other commodity based companies have seen their profits dive, and that is why these sectors have been the worst performing sectors for over 18 months.
However, this conclusion does not hold over all sectors and regions.
Instead, policymakers are resorting to very communist solutions ordering their banks to stop lending to over-frothy sectors.
The distribution over the sectors of industry was very similar for the complete job history and the longest held job.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com