Michael forwarded:
> As far as percentage of jobs in US, construction provided 5% of all
>jobs (excluding mining) from 1960 to 1990, and dropped to 4% between
>1990-93 . . . . . . . .
Thanks Mike! Interesting post.
Although construction has only 4-5% of the jobs, it pulls a lot of the
economy with it.
A new house requires a stove, refrigerator, furniture and a lot more.
I can't remember how much more production is pulled along. Is it 25% of the
economy? Perhaps someone knows the estimate.
In any event, a drop of 1% in construction affects a much greater part of
the economy than is perhaps realized.
With regard to service jobs, as the Economist said - advanced economies
always show a large and growing service sector.
Harry
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Harry Pollard (818) 352-4141
Henry George School of Los Angeles
Box 655
Tujunga CA 91042
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