This is important because manufacturing - jobs where value is added to the workproduct greater than the cost of labor in producing the product - spawn service sector jobs. [[Marxist]]s object to this concept, yet have never produced a workable alternative theory to feed and clothe whole nations and societies. Each new manufacturing job spawns 1.5 to 2.5 new services sector jobs (so-called "multiplier effect") - jobs were the workproduct vanishes in the instant it is performed and leaves nothing behind to be traded for equal value. | This is important because manufacturing - jobs where value is added to the workproduct greater than the cost of labor in producing the product - spawn service sector jobs. [[Marxist]]s object to this concept, yet have never produced a workable alternative theory to feed and clothe whole nations and societies. Each new manufacturing job spawns 1.5 to 2.5 new services sector jobs (so-called "multiplier effect") - jobs were the workproduct vanishes in the instant it is performed and leaves nothing behind to be traded for equal value. |