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Article: Service From The Service Sector
- Article from:
- Oakland Post
- Article date:
- February 16, 1994
- Author:
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Margaret Hilton
Oakland Post
02-16-1994
Service From The Service Sector.
By Margaret Hilton
The service sector of the U.S. economy -- the part of national activity not involved in manufacturing, mining, and agriculture -- has grown rapidly over the past two decades, and now employs over 80 percent of Americans. Although the economy could not function without such vital services as telecommunications, education, transportation, and health care, productivity growth in the service sector has been slow. Many economists believe that slow productivity growth in the service sector has caused the overall slow productivity growth in the economy, which translates into declining real wages. Anyone who ...