U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-13-2020, 06:48 PM
 
5,449 posts, read 2,304,152 times
Reputation: 2522

Advertisements

Can the United States switch to a less Service (80%) based economy ?

How viable is an 80% service economy for the future?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-13-2020, 07:01 PM
 
Location: Bangkok
11,980 posts, read 6,230,109 times
Reputation: 21066
Someone could have asked how viable an industrial based economy after it supplanted agriculture. The world changes, it's entirely possible to have a primarily services based economy that flourishes.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 07:10 PM
 
Location: Sacramento County
156 posts, read 83,801 times
Reputation: 311
Quote:
Originally Posted by lieqiang View Post
Someone could have asked how viable an industrial based economy after it supplanted agriculture. The world changes, it's entirely possible to have a primarily services based economy that flourishes.
Funny how it's taking the working class down, not up. The fantasy bicycle meets the reality freight train.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 08:10 PM
 
5,449 posts, read 2,304,152 times
Reputation: 2522
Quote:
Originally Posted by lieqiang View Post
Someone could have asked how viable an industrial based economy after it supplanted agriculture. The world changes, it's entirely possible to have a primarily services based economy that flourishes.


It seems like COVID-19 has shown us vulnerabilities of a service based economy to future problems like climate change. A service economy at 80% may not be sustainable in the future.
Even now retail is in a sorry state and even before this virus was taking heavy loses to online buying


Agriculture and Industry produce things, service doesn't
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 08:51 PM
 
Location: Flyover part of Virginia
3,041 posts, read 1,616,253 times
Reputation: 4187
As we near limits of growth and debt expansion, America's service-sector, consumer-based bubble economy will no longer be viable. We will be forced to transition to an economy based on producing real things. This transition will be tremendously painful and costly.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 09:10 PM
 
1,519 posts, read 512,826 times
Reputation: 1317
Quote:
Originally Posted by jonbenson View Post
Can the United States switch to a less Service (80%) based economy ?

How viable is an 80% service economy for the future?
It's not viable and never has been.
And no, coming back to industrial economy is no longer possible here.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 10:20 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
31,624 posts, read 52,099,875 times
Reputation: 40405
Quote:
Originally Posted by kanonka View Post
It's not viable and never has been.
And no, coming back to industrial economy is no longer possible here.
Plan D ?? Ag, Industrial, Service, BTDT... next?...(?)

Got it!

USA Medical innovation, proficiency, and cost effectiveness to lead the world!

or...

USA superior Education methods and academic and social benefit results

or

Working together as a stronger nation!

We (USA) have a lot of potential.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 11:26 PM
 
1,519 posts, read 512,826 times
Reputation: 1317
Quote:
Originally Posted by StealthRabbit View Post
Plan D ?? Ag, Industrial, Service, BTDT... next?...(?)

Got it!

USA Medical innovation, proficiency, and cost effectiveness to lead the world!

or...

USA superior Education methods and academic and social benefit results

or

Working together as a stronger nation!

We (USA) have a lot of potential.
Don't even start with me on domestic medicine. It's in such a deep s..thole that it became probably worst in the world.

On a realistic side though I guess the only solution is automation/robotics. That's the only area where USA still leads (although by a very tiny margin), and it is the future of the industry anyway. Yes, if all resources would be poured into this we still can survive. Otherwise - well, 3rd world countries still live somehow, right?

On another hand, full automation/robotics will lead to the situation when most people are just not needed. So we are facing either serious political change towards socialism-like structure, or simple social Darwinism where most people will just die "naturally" from starvation and homelessness. Something tells me that domestic establishment will choose the latter - provided, of course, there will be no revolution.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-13-2020, 11:48 PM
 
10,521 posts, read 4,594,849 times
Reputation: 14042
Quote:
Originally Posted by jonbenson View Post
How viable is an 80% service economy for the future?
It'll be viable as long as comparative advantage makes it worthwhile to import manufactured goods instead of making them ourselves. The U.S. excels in the service sector because there are high value, high expertise services we can export, and consume domestically, that no one else does or not as well.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-14-2020, 04:44 AM
 
Location: The Triad (NC)
33,165 posts, read 77,721,901 times
Reputation: 41543
Quote:
Originally Posted by jonbenson View Post
Can the United States switch to a less Service (80%) based economy ?
Can the US do something about having so many people who can't do more than low level service jobs?
We better figure that one out real soon.

Then comes the higher level service jobs.
eg: For each Million fewer in total ... how many fewer <whatever> are needed to 'service' them?
Dentists f'rinstance... @1600-2000 patients per... per 1M fewer people= ~575 fewer dentists

Last edited by MrRational; 08-14-2020 at 05:32 AM..
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6. The time now is 02:44 PM.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top