Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: expat_panama
In the economy it's services --not manufacturing that matters. Services account for 60 percent of the GDP, 75 percent of employment, and 90 percent of all new jobs. Sure, we all miss the loss of our smokestack factories but those lifestyles went the way of the old agricultural and 'hunting-and-gathering' patterns of less advanced societies.

Unfortunately, all those service jobs which have become the backbone of our economy depend totally on physical objects, which are manufactured somewhere. It would be better if that somewhere were here.

58 posted on 08/24/2003 5:02:30 PM PDT by William Terrell (People can exist without government but government can't exist without people)
[ Post Reply | Private Reply | To 38 | View Replies ]


To: William Terrell
Got to go. I have to go mow my neighbors yard so I can buy dinner. This this service economy is great.
59 posted on 08/24/2003 5:29:42 PM PDT by cp124
[ Post Reply | Private Reply | To 58 | View Replies ]

To: William Terrell
Unfortunately, all those service jobs which have become the backbone of our economy depend totally on physical objects, which are manufactured somewhere. It would be better if that somewhere were here.

I'de say that depends on the product being manufactured.

People complained about mechanical production replacing human labor, but in the long run it meant products were manufactured more efficiently at a lower cost resulting a higher standard of living for all.

So what if the slave labor wages in China mean some low tech manufacturing jobs go there. It frees up Americans for better paying high tech jobs, and the low price China products raise our standard of living. Just like we had our own slaves.

75 posted on 08/24/2003 7:04:35 PM PDT by Jorge
[ Post Reply | Private Reply | To 58 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson