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Politics : High Tolerance Plasticity

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To: Warpfactor who wrote (20013)	8/7/2003 12:59:40 AM
From: augieboo	Read Replies (1) of 23153

An excellent article on the Service Economy -- from 1987, but still quite relevant IMDO. "This paper seeks to explain why concern over the emergence of the service economy in the United States is, for the most part, unwarranted and misplaced. Far too much has been read into data on trends in service- and goods-producing employment such as those shown in Figure 1. Many of the assumptions about the economic value (or lack thereof) of services are wrong. The growth in the service sector has been misunderstood, in part because of the arbitrary division of the nation's outputs into "goods" and "services"; a largely unexplored reason for it is the fragmentation of firms into smaller and more independent production units. A major hypothesis of this article is that the growth in the service sector, even in typically low-wage industries, has contributed to the growth in American workers' income, even income created in the goods-producing industries. From that perspective, it is clear that the presumed polarization of America is a political issue that has been the object of a misguided and vain search for empirical and conceptual justification." regulation.net

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