The Public Interest

The first service economy

Victor R. Fuchs

Winter 1966

The United States is now pioneering in a new stage of economic growth. At some point during the past decade, this country became the first “service economy”– that is, it became the first nation in which more than half of the employed population was not involved in the production of food, clothing, houses, automobiles, or other tangible goods.

Download a PDF of the full article.

Download

Sign-in to your National Affairs subscriber account.


Already a subscriber? Activate your account.


subscribe

Unlimited access to intelligent essays on the nation’s affairs.

SUBSCRIBE
Subscribe to National Affairs.