eli5: Why does Services make up such a massive percentage of developed economies compared to Agriculture and Manufacturing
In: 47
As economies grow, they tend to become richer. Richer economies are able to a) mechanize/automate/import the results of simpler jobs, so fewer people have to do them, and b) educate their population to be capable of more technically demanding jobs, that they can export the results of. The end result is richer countries focusing on service jobs that CAN’T be automated or imported.
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