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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (350524)9/13/2007 7:11:33 PM
From: TimF  Respond to of 1574098
 
By the mid-90s, nine of every ten firms with fewer than twenty employees were in theservices sector

Nine out of every 10 firms with fewer than twenty employees, sure. But much less than that for larger employers, particularly for very large employers.

Services are indeed the largest part of our economy. (And just recently services have become the biggest part of the world economy see petersmagnusson.com

But industrial production is still pretty large (and then of course there is mining, drilling, farming etc.)

Industrial production in the US hasn't declined over the years its expanded - see economagic.com - That link is to the US Industrial Production Index. January 1969 (the first Q on the list) is 41.7, January 1979 is 56.4, January 1989 is 68.6, January 1999 is 96.9, and July 2007 (the most recent month listed) is 113.9

Over my life time industrial production in the US has almost tripled. That's hardly deindustrialization.