Abstract
Should you 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.
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© 2002 Michael Perelman
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Perelman, M. (2002). Deindustrialization and the Rise of the Service Economy. In: The Pathology of the U.S. Economy Revisited. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230108233_8
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DOI: https://doi.org/10.1057/9780230108233_8
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-0-312-29317-8
Online ISBN: 978-0-230-10823-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)