Service Sector Jobs Are Not All Bad Jobs: Robert Reich on U.S. Economics (1994)

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The service sector consists of the "soft" parts of the economy, i.e. activities where people offer their knowledge and time to improve productivity, performance, potential, and sustainability, which is termed as affective labor. The basic characteristic of this sector is the production of services instead of end products. Services (also known as "intangible goods") include attention, advice, access, experience, and discussion. The production of information is generally also regarded as a service, but some economists now attribute it to a fourth sector, the quaternary sector. The tertiary sector of industry involves the provision of services to other businesses as well as final consumers. Services may involve the transport, distribution and sale of goods from producer to a consumer, as may happen in wholesaling and retailing, or may involve the provision of a service, such as in pest control or entertainment. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is on people interacting with people and serving the customer rather than transforming physical goods. The major growth in this sector also involves the transfer of funds from the governmental to the contractual profit, non-profit and hybrid sectors of the economy. For the last 100 years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialised countries. This shift is called tertiarisation.[1] The tertiary sector is now the largest sector of the economy in the Western world, and is also the fastest-growing sector. In examining the growth of the service sector in the early Nineties, the globalist Kenichi Ohmae noted that: "In the United States 70 percent of the workforce works in the service sector; in Japan, 60 percent, and in Taiwan, 50 percent. These are not necessarily busboys and live-in maids. Many of them are in the professional category. They are earning as much as manufacturing workers, and often more.” https://en.wikipedia.org/wiki/Tertiary_sector_of_the_economy Lloyd Millard Bentsen, Jr. (February 11, 1921 – May 23, 2006) was an American politician who was a four-term United States Senator (1971–1993) from Texas and the Democratic Party nominee for vice president in 1988 on the Michael Dukakis ticket. He also served in the House of Representatives from 1948 to 1955. In his later political life, he was Chairman of the Senate Finance Committee and the U.S. Treasury Secretary during the first two years of the Clinton administration. https://en.wikipedia.org/wiki/Lloyd_Bentsen Robert Bernard Reich (/ˈraɪʃ/;[1] born June 24, 1946) is an American political economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under President Bill Clinton from 1993 to 1997. Reich is currently Chancellor's Professor of Public Policy at the Goldman School of Public Policy at the University of California, Berkeley. He was formerly a professor at Harvard University's John F. Kennedy School of Government[2] and professor of social and economic policy at the Heller School for Social Policy and Management of Brandeis University. He has also been a contributing editor of The New Republic, The American Prospect (also chairman and founding editor), Harvard Business Review, The Atlantic, The New York Times, and The Wall Street Journal. Reich is a political commentator on programs including Hardball with Chris Matthews, This Week with George Stephanopoulos, CNBC's Kudlow & Company, and APM's Marketplace. In 2008, Time magazine named him one of the Ten Best Cabinet Members of the century,[3] and The Wall Street Journal in 2008 placed him sixth on its list of the "Most Influential Business Thinkers".[4] He was appointed a member of President-elect Barack Obama's economic transition advisory board.[5] Until 2012, he was married to British-born lawyer, Clare Dalton, with whom he has two sons, Sam and Adam. [6] He has published 14 books, including the best-sellers The Work of Nations, Reason, Supercapitalism, Aftershock: The Next Economy and America's Future, and a best-selling e-book, Beyond Outrage. He is also chairman of Common Cause and writes his own blog about the political economy at Robertreich.org.[7] The Robert Reich – Jacob Kornbluth film Inequality for All won a U.S. Documentary Special Jury Award for Achievement in Filmmaking at the 2013 Sundance Film Festival in Utah. https://en.wikipedia.org/wiki/Robert_Reich