Author Becomes Manufacturing Skeptic, Sees Hope in Services Sector
Manufacturing's role as an economic driver for low-skilled workers is questioned. The author suggests that the services sector might offer the necessary productivity growth to support a strong middle class.
<p>Manufacturing used to be a powerful economic escalator because it could employ large numbers of low-skilled workers while making limited demands on low-income countriesโ governance and infrastructure. The good news is that services may be able to deliver the productivity growth necessary to support a robust middle class.</p>