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Sat Oct 20, 2012, 01:32 PM

Silly question but what is the "service industry"

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?

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Reply Silly question but what is the "service industry" (Original post)
SoutherDem Oct 2012 OP
OldDem2012 Oct 2012 #1
SoutherDem Oct 2012 #3
JVS Oct 2012 #2

Response to SoutherDem (Original post)

Sat Oct 20, 2012, 01:40 PM

1. Definition of "service industry"....

The service industry starting to rise to prominence with the collapse of the steel industry decades ago.

Here's a good site with good information about the service industry:

Service Industries

QUOTE:

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.

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Response to OldDem2012 (Reply #1)

Sat Oct 20, 2012, 01:42 PM

3. Thanks for the link

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Response to SoutherDem (Original post)

Sat Oct 20, 2012, 01:42 PM

2. You were thinking of what was called "independent tradesmen"

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