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Politics : View from the Center and Left

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To: neolib who wrote (28148)	9/7/2006 8:21:33 PM
From: TimF	Read Replies (1) of 542214

The service sector contains higher paying jobs and lower paying jobs. Manufacturing generally has/had higher paying entry level wages but not for the most part extremely high wages. As for economic trends of a half decade, I don't think it makes much sense to talk about such trends over 5 years. Cyclical or otherwise short term changes often dominate over such a period. The shift to more service jobs and less manufacturing jobs (like the shift from agriculture to manufacturing that preceded it) is a long term trend and its been ongoing for a long time not 5 years, closer to 5 decades maybe more. I think manufacturing jobs peaked in absolute terms in the late seventies, but as a percentage of total employment the peak was before that. policyalmanac.org

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