The death of manufacturing

116.jpgThirty years ago most Western countries had between 20-40% of their workforces in manufacturing. Now the figure is closer to 2-4%. Have we seen a shift like this before? Yes. During the industrial revolution and, more recently at the end of the 1800s, most people in the US were employed in just three areas: agriculture, domestic service and horse transport. So what are the future implications of a shift from resource based manufacturing to service based and then idea based economies?

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