🚀 go-pugleaf

"Anthony H" <mapant@usa.com> wrote in message
news:69343a61.0208230331.158acc0b@posting.google.com...
> "Mark Martin" <mpmartin7@mindspring.com> wrote in message
news:<ak2vp0$jtd$1@slb7.atl.mindspring.net>...
> > "Jim Blair" <jeblair@facstaff.wisc.edu> wrote in message
> > news:ak0cau$ka7$1@news.doit.wisc.edu...

> In my pet theory of the economy, the service industry or service
> sector of the economy expands to pick up those people whose jobs have
> been shed by the manufacturing or production part of the economy
> because of increases in efficiency and technology.  Service industrys
> expand as manufacturing/production industries shrink.  Travel
> industrys expands (we can all afford to travel more).  Restaurant
> industry expands (we can all afford to eat out more).  Entertainment
> industry expands (we can all afford to go see more movies go to discos
> partys etc) etc etc etc    The service industry expands to take up the
> slack left by the manufacturing industry....

Then wouldn't it be necessary that the service jobs were paid competitively
as compared to manufacturing?  Actually, it seems that software develepment
jobs are getting the better pay, manufacturing is shrinking, and those who
used to have good income jobs are now existing to serve those who are in the
money.  Also, don't you have to account for the value of labor vs. the value
of capital?  While jobs are moving out of manufacturing and into service,
the owners of capitol are retaining larger and larger percentages of the
profits.