Deindustrialization and the Rise of the Service Economy

Michael Perelman

Chapter Chapter 7 in The Pathology of the U.S. Economy Revisited, 2002, pp 163-179 from Palgrave Macmillan

Abstract: 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.

Keywords: Intellectual Property; Competitive Pressure; Semiconductor Industry; Service Economy; Reagan Administration (search for similar items in EconPapers)
Date: 2002
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Chapter: De-industrialization and the Rise of the Service Economy (1996)
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DOI: 10.1057/9780230108233_8

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