Herewith some interesting numbers rarely discussed in the context I plan to provide. Let me start with a tabulation I derived from the Bureau of Labor Statistics, except for 1900, the data for which comes from Historical Statistics of the United States. I am showing the share of the service-producing sectors of total employment—with that sector excluding government employees and the total including agricultural employment.
Year | Employment Share of Service Sector - % | Employment Share of Agriculture - % | The Sum of the Two % |
1900 | 25.4 | 43.5 | 68.9 |
2000 | 63.9 | 2.4 | 66.3 |
2011 | 68.3 | 1.6 | 69.9 |
This table tells the tale of our current woes. Some pundit on television, updating us all to the obvious, said the other day that “It’s the Economy, Stupid” should really be revised to “It’s Jobs, Stupid.” I couldn’t agree more.
What has happened in one century, one decade, and one year is that we’ve sent our agricultural work force into the cities, and there they have been delivered to a job market that only wants services—indeed cannot survive unless the services increase. They are now, of course, in the aggregate, our largest industrial sector.
The problem is that in hard times, which a capitalist economy is certain to provide, people still need bread, milk, meat, vegetables, and fruit. But they can cut back on services: they can, if they must, avoid tanning or massage parlors, hair salons, fire the personal trainer, curb their appetites for Netflix, postpone that trip, stop going to the movies, send the kids to the cheaper community college, settle rather than sue, and fix that fence on their own rather than hiring a craftsman.
A possible answer to your question could be found in a couple lines from a once rather popular song:
ReplyDelete"Where have all the young men gone?
Long time ago
Gone for soldiers every one..."