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the same has also been happening to services. see how outsourcing dev, support, creative work etc to the same or similar countries that took on physical product
by hirako2000 5y ago
the same has also been happening to services. see how outsourcing dev, support, creative work etc to the same or similar countries that took on physical production. While the service sector remains, it is more and more comprising of bullshit jobs with fancier and fancier ego nurturing titles.
the US still export a lot of services, those that people in developing countries don't seem able to offer yet. but the import/export balance isn't there. fill the gab with debt.