A few notes about the shift from manufacturing to a service based economy: - Services take a larger share of GDP by staying flat while prices of goods fall. Yo

A few notes about the shift from manufacturing to a service based economy: - Services take a larger share of GDP by staying flat while prices of goods fall. You pay less for most manufactured goods than you did 20 years ago, while your haircut cost about the same. - Services are generally harder to export. You can ship a physical product, it's hard to export a haircut. - Goods can be stockpiled/scaled if needed, services cannot.