Abstract
Should we be concerned about the elimination of manufacturing jobs and the rise of service employment in the United States? In the past, economists as far apart as Karl Marx and Adam Smith regarded services as decidedly unproductive. Recently, the attitude toward services has shifted. Despite the prevalence of low-wage service employment, some modern economists welcome the replacement of manufacturing employment as a positive development.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1996 Michael Perelman
About this chapter
Cite this chapter
Perelman, M. (1996). De-industrialization and the Rise of the Service Economy. In: The Pathology of the U.S. Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24329-7_7
Download citation
DOI: https://doi.org/10.1007/978-1-349-24329-7_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-65023-3
Online ISBN: 978-1-349-24329-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)