Abstract: In the last 50 years, the share of
employment in manufacturing has
declined in the United States. The
main reason for this phenomenon is
labor-saving technological progress.
Variation among state tax polices and
international economic conditions
have played only minor roles. The
source of future prosperity will be
technological advances in a serviceoriented
economy.
Publication Year: 2004
Publication Date: 2004-07-01
Language: en
Type: article
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Cited By Count: 5
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