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Sometimes_Stutters t1_itd9lp6 wrote

Maybe I’m old school or biased (manufacturing engineer) but I have a hard time believing that economies that aren’t primarily agricultural and industry are healthy. Value creation is firm. Value provided is less so.

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Fun_Designer7898 t1_itdidud wrote

Time moves on

The world is getting ever closer to consisting of 75% services

Services employ by far the most people and produce by far the most value.

Services employ now more than industry and agriculture together, industry was once the largest employer followed by agriculture and then services

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eva01beast t1_itdyhcl wrote

Service sector has a such a broad definition, that you would count the security guard and the supervisors at factories as "service sector" employees and not "manufacturing sector" employees. Any job where you're not directly growing something or making a good is considered a service sector job.

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Sometimes_Stutters t1_itejeo3 wrote

That’s not at all how these numbers are produced…

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eva01beast t1_itek0en wrote

I'm just explaining why the service sector contributes so much to the GDP. The value of a service doesn't need to be high, but the fact that so many people out there are creating services over goods could be why the contribution of the service sector is so high.

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Sometimes_Stutters t1_iterdde wrote

But that’s not at all how these numbers are calculated. It’s not on a per-employee output. It’s sector based. The individual jobs are totally irrelevant.

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Brzwolf t1_itetprm wrote

Those jobs are jobs in the service sector my guy. Jobs produce value. Value in the service sector in this case.

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