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One of the issues with the "new economy" / "service economy" model that has been pushed heavily over the past few decades is that it doesn't distinguish between
by Kadin 10y ago
One of the issues with the "new economy" / "service economy" model that has been pushed heavily over the past few decades is that it doesn't distinguish between zero-sum jobs that have as their end goal merely a reallocation of a fixed amount of resources, and jobs which create value and are basically industrial in nature but where the end product is intangible (e.g. movies, television, writing, software development, etc.).
State and local governments have spent vast sums trying to attract "new economy" jobs to replace decimated primary industries, but I question how many of those jobs are marketing or "economic overhead" related. That's not to say that they're bad jobs at an individual level, or there's anything wrong with anyone working in them, but it doesn't seem like it's a sustainable basis for a national economy.