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De-industrialization and the Rise of the Service Economy

  • Michael Perelman

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.

Keywords

Service Sector Capital Stock Service Industry Competitive Pressure Service Economy 
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

© Michael Perelman 1996

Authors and Affiliations

  • Michael Perelman
    • 1
  1. 1.California State UniversityUSA

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