Journal article
The Service-Producing Sector: Some Common Perceptions Reviewed
Monthly labor review, v 106(4)
01 Apr 1983
PMID: 10309958
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
Common perceptions of the economy's service sector include: 1. very low rates of productivity growth exist for all service industries. 2. Service industries have high labor intensity and low capital intensity. 3. A belief is held that the slowing in the rate of productivity growth over the past 10 or 15 years has been directly attributable to shifts in employment to the service sector. This analysis examines a variety of data to determine the truth of these perceptions. The findings indicate that overall service sector employment has been growing very rapidly, but a few industries within the sector, such as railroad transportation, are experiencing employment declines. The range of productivity growth in the service sector is not significantly different from the range among industries that produce goods. A ranking of industry divisions by capital intensity indicates no service industries in the lowest 3 groupings, contrary to the perception that such industries are not capital intensive. There is some truth to the supposition that service industries are relatively labor intensive, but this does not hold true for all service-producing industries. The data also indicate that the shift in employment between goods-producing and service-producing industries has had an insignificant effect on rates of productivity growth.
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Details
- Title
- The Service-Producing Sector: Some Common Perceptions Reviewed
- Creators
- Ronald KutscherJerome Mark
- Publication Details
- Monthly labor review, v 106(4)
- Publisher
- Superintendent of Documents
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- School of Biomedical Engineering, Science, and Health Systems; Drexel University
- Web of Science ID
- WOS:A1983QM09600003
- Scopus ID
- 2-s2.0-0020742127
- Other Identifier
- 991019350187104721
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- Web of Science research areas
- Industrial Relations & Labor