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How the British Economy is Developing

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Abstract

Over the last fifteen to twenty years, the drift of employment in Britain has been out of manufacturing and the production sector and into services. For many years, people have been arguing that this is where the future of work and of advanced economies lies:

only a fourth of the labour force will man the production-oriented part of the economy. The other three-fourths will be in service industries, some in tertiary services (that is helping goods-orientated industries) and the rest in quaternary services (doing things judged worth doing for their own sake).1

Keywords

Public Service Public Spending Production Sector Standard Industrial Classification Relative Demand 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Robbie Gilbert 1989

Authors and Affiliations

  1. 1.Institute of Economics and StatisticsUniversity of OxfordUK

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