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That chart looks awfully like what I'd expect to see in a service economy.The very nature of basic services is they create little value, are highly competitive and rely upon trickle down economics from those with money.I remember people warning of this outcome decades ago. At the time I wasn't sure, too young to get my mind around it really, but in hindsight they were spot on. Find anywhere that's wealthy and its either based on finance or otherwise bringing money from outside or it's based on some form of primary or secondary industry, it's not based on services.
That chart looks awfully like what I'd expect to see in a service economy.
The very nature of basic services is they create little value, are highly competitive and rely upon trickle down economics from those with money.
I remember people warning of this outcome decades ago. At the time I wasn't sure, too young to get my mind around it really, but in hindsight they were spot on. Find anywhere that's wealthy and its either based on finance or otherwise bringing money from outside or it's based on some form of primary or secondary industry, it's not based on services.
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