March 29, 2004

Increase in service employment a good thing?

An interesting comment in today's Idea Shop: bq. Manufacturing decline as self-fulfillment Is the U.S. economy’s shift toward services—and away from manufacturing—a move up Maslow’s hierarchy of needs? bq. A recently-published paper (PDF) from psychologists Leaf van Boven and Thomas Gilovich at least suggests that. bq. The study finds people are happier when they buy services—or “experiences”—rather than goods. That may mean shifts toward services are predictable in rich countries, as consumers easily satisfy basic needs and start aiming at self-actualization instead. Interesting... You hear complaints about how the US is outsourcing everything and how manufacturing isn't recovering as it should. This may be the reason and this is not a bad thing. Posted by DaveH at March 29, 2004 3:45 PM