together on the plate all tradesmen doctors lawyers teachers police military retailers what does military do? They protect you / killing people for you Airline pilots truck drivers bus drivers taxi drivers They are wildly underestimated for the value they add What good is that tv or washing machine or bananas? The bananas in Nicaragua are not worth anything when they are down there! They are worth something when they are in your grocery store Service sectors add a lot of value to a lot of things o 4. Quaternary
September 14, 2016 this is complicated it’s a great indicator of how well a state or industry is what’s left? Astronauts What the hell does an astronaut do? What service is that providing? What good is it giving to citizens to buy? Nothing! They don’t do any of that stuff It’s the INFORMATION sector Societies that have astronauts? What other quaternary jobs are there? Archeologists Research scientists Computer programmers Analyst Newspaper editors Don’t really provide a finished good or product they are modifying information for people a research scientist creating a vaccine for AIDS or creating a cure for cancer not doing anything directly for the economy but for the FUTURE of the economy holy crap that is serious money Q: what types of countries have quaternary jobs? A: the rich ones! They are investing in the future with the government’s money What can you predict economically about countries with research scientists or computer programmers? o These are high dollar or high ticket items of the future!! What can we say about a country that has no astronauts or research scientists? They are poorer; they need people on the farms and in the factories that take care of the other levels of economic sectors Video 3.2: Economic Sector Smackdown: - What do rich countries do economically versus poor countries?
September 14, 2016 - The richer countries have more of the tertiary jobs and poorer countries have more primary jobs o o you will not that quaternary is not included - Luxemburg and UK and Germany are overwhelmingly tertiary economies o they have virtually no primary industry workers - similar to the US: we are a very big country with very few people in the primary, and increasingly very few people in the secondary also (outsourcing) - what do very poor countries do? o Overwhelmingly primary focused! o Most folks in poor countries are growing food and selling whatever is left o A lot of the stuff gets exported to the rich countries o Why would that be?
- Spring '08
- sectors, Service Sector