Service Economy

Tuesday, March 30, AD 2010

One often hears polemics against the fact that our country is now dominated by the “service economy”. It is one of those phrases that gives a strong impression, yet is oddly difficult to pin down.

If I may be indulged in an open-ended post:

1) How would you define the “service economy”? (with examples)

2) Is the service economy new, or merely expanded/changed, versus what you would consider a more traditional time? (Whether that is 100 years ago or 500 years ago.)

3) Is it a problem that the service economy is so large, and if so why?

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