Deindustrialization Redeploys Workers to Growing Service Sector
Michael Sposi and Valerie Grossman
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Abstract: The decline of industrial employment in advanced economies is part of a long-term structural transition. A growing service sector, with an increasing share of jobs, has become key to long-run productivity growth.
http://www.dallasfed.org/ – Economic Letter – VOL. 9, NO. 11 • SEPTEMBER 2014