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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: Cogito Ergo Sum who wrote (49713)5/7/2009 4:36:19 AM
From: energyplay  Read Replies (4) of 218055
 
Note when looking at numbers for service jobs, there is a pure "service sector" with retail, resturants, etc.

Many jobs were previously counted as manufacturing jobs because they were in manufacturing companies.

You would visit a manufacturing plant, and the cafeteria staff would be direct employees, the janitors would be employees, the security guards employees and sometimes even the truck drivers. Also, there would be in house ad agencies and PR, sometimes a large legal staff, etc. There people were not producing product, but were counted as manufacturing employment because they work for a manufacturing company.

Now all these functions are done by contractors, and counted as service jobs. So the work has become disaggregated.

In many cases, the number of people touching the actual product has not changed as much. Automation, work simplification, and outsourcing does reduce these numbers.
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