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/biz/ - Business & Finance

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52442162 No.52442162 [Reply] [Original]

Is it good for an econony to decrease its share of manufacturing jobs and increase the share of service jobs?

>> No.52442210

>>52442162
Manufacture and commodities will be always be superior than services.

>> No.52442308

>>52442210
>Manufacture and commodities will usually be superior to services.
fixed this
i agree mostly but not absolutely
most people would agree you need a balance of service and manufacturing to run a self sufficient modern economy

>> No.52442329

>>52442162
No, fake make work jobs produce zero benefit to the economy besides adult day care.
Manufacturing and energy independence are not memes.

>> No.52442343

>>52442162
sir, this board is for the discussion of cryptocurrencies only

>> No.52442361

>>52442162
No, especially since China is going to invade Taiwan at some point and the US will literally have zero access to anything, because they’ve outsourced everything.

>> No.52442532

>>52442329
I know this is the common stereotype but I wonder what percentage of service jobs are fake and what are real.

>> No.52443225
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52443225

>>52442162

>> No.52443235
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52443235

>>52443225
Time for the big think

>> No.52443556

>>52442162
No. Unless you own shares on the robot doing the manual labor and getting income from it.

>> No.52443664

>>52442162
Depends what you consider 'service industry'. In my mind it's McDonald's and Starbucks types jobs, low skill high margin shit people don't actually need. In the UK we call banking and finance the service industry which brings in literally billions in tax. The city of London (that's the banking area) accounts for something stupid like 30% of the nation's GDP. I think it's a fucking con equating quants and mathematicians to a Starbucks grunt. If you remove bankers from the service industry it produces very little for the country.

>> No.52444939

>>52442162
It depends. If the products are so well made that sales would dwindle and the control group can divert energies elsewhere, they benefit. If the economy leans more towards the service, by my assumed quantitative measure, those services would bear significance and create a more circular economy. So one might say, growth style economies should have heavier manufacturing and service style economies are maternal by nature.

Depends on the intended direction of the group.

What's more important is that most people think societies should just always grow. This is not the case. If the society is sickly and degenerate, its growth would have negative effect, and should shrink. If it creates positive outcome and sustainable solutions, its slow steady growth may be reasonable. All depends on what's in your drink, not so much the size of it. ;)

>> No.52446011

>>52442343
Kek

>> No.52446035

>>52442162
>Is it good for an econony to decrease its share of manufacturing jobs and increase the share of service jobs?

it's what happens when you start to run out of cheap energy to run things like steel plants.

we pretend its a good thing that 'developed' economies naturally do.