Are Service-Sector Jobs Inferior?

In recent years, U.S. service-producing industries have, on net, added jobs more rapidly than the goods-producing industries. Since the end of 1990, jobs in the service-producing sector have increased 4.1 percent overall, while goods-producing employment has shrunk 5.6 percent." During the same...

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Bibliographic Details
Published in:Economic commentary (Cleveland) 1994-02, p.1-4
Main Authors: Schweitzer, Mark E., Dupuy, Max
Format: Article
Language:English
Subjects:
Economic trends
Employment
Insurance industry
Job creation
Labor force
Layoffs
Manufacturing
Metals
Retailing industry
Service industries
Wage differential
Wages & salaries
Workers
Younger workers
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Summary:In recent years, U.S. service-producing industries have, on net, added jobs more rapidly than the goods-producing industries. Since the end of 1990, jobs in the service-producing sector have increased 4.1 percent overall, while goods-producing employment has shrunk 5.6 percent." During the same period, total nonfarm employment has risen 1.9 percent. A number of commentators have used these basic statistics to paint a bleak picture: The economy is creating some new jobs and employing a few more people, but only in low-wage service positions; meanwhile, the old high-wage manufacturing jobs are disappearing.
ISSN:0428-1276
2163-3738
DOI:10.26509/frbc-ec-19940201