Module 3: Discussion Forum
Define the term “service economy.” In about a paragraph, carefully describe America’s service economy and discuss one of the consequences that the recent shift to a service economy has had on American workers. In another paragraph or so, try to summarize the historical role of labor organizing (unionizing) in capitalist economies. What have been union goals, and have they accomplished these goals? Be sure you are able to cite evidence to support your argument.
Service economy refers to the situation whereby, the economy depends on service for funding of projects. In the 1990’s manufacturing industries employed more workers than any other sector of the economy which amounted to 36 states in the United States which marked the highest of all time. Nowadays the manufacturing industry is dominant in less than ten states. This means that the economy has already…