Growing up I thought of the Service Industry as plumbers, electricians and repair persons people who we assume made a decent income but when I hear the term now it is referring to retail or fast food and are not making a living income.
The technical definition seems to be those who offer an intangible product but in todays economy what is the real definition?
Should we be worried that the US Economy is moving in that direction?
The United States is predominantly a service economy. As of 2008, service jobs accounted for over 80 percent of total U.S. employment, and current trends indicate that this figure will remain steady or increase continuing into the twenty-first century.