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U.S. Employment Shift: From Industry to Services by AdminAli is a document available to read on EtoBox.

What is U.S. Employment Shift: From Industry to Services about?

The document discusses the decline of industrial employment in advanced economies as part of a long-term structural transition towards a growing service sector. It notes that while U.S. industrial employment peaked in 1980 and has since declined by about 165,000 jobs per year, the service sector has grown to become a key driver of long-term productivity and economic growth. This structural transformation is a result of changing consumption patterns towards more spending on services, higher productivity grow

Author

AdminAli

Language

EN