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A service based
economy places more importance on service industries than manufacturing in advanced economies. Service industries are health, human
services, information technology, retail, financial services and education.[i]
Someone I heard
describing the transition for workers said "it's like someone trained in
flooring sales trying to sell airplane parts". Selling airplane parts requires a knowledge
of airplanes and aircraft parts, much different than the knowledge required to
sell flooring.
So, how do we get to
the next level. Well, the Trade
Agreement that start with NAFTA, and went on to encompass most of the world
left the United States without much of its manufacturing base, and the jobs
that went with that base. We are left
with trying to train those people to work in services, I guess that's where
human services and education comes in.
My question is this,
what happens when they're trained, oh well the younger people need training
too, but of course the birthrate is down.
Some states, like Maine, have lost population, and are "graying
states" where the older people outnumber the young ones. I guess that's where health services comes
in. But what happens when we die.
Do you see where I'm
going? Of course I'm guessing because I
was trained in aircraft parts and so was Wilbur.
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