Re:The Dictatorship of Talent
by eru on Tuesday December 18, 2007 @05:05PM
(#90908)
When economies 'de-industrialies' industry does not decline in absolute terms. Just the opposite is true. It's just that we became so damn good at manufacturing that with competition and all that - that we do not need so many people in the factories.
People have reacted to those market pressures and got into services. And so the share of industry went down in relative terms.
People have reacted to those market pressures and got into services. And so the share of industry went down in relative terms.