Is the image of the typical American worker as a blue-collar worker true? Substantiate your answer with facts
The Homer Simpson image of the typical American worker as a blue-collar worker is really quite misleading. The majority of American workers, like workers in all developed countries, produce services, not goods. In 2013, about 70 percent of all non-farm workers in the United States were employed by private service industries, whereas only 14 percent produced goods. By contrast, manufacturing companies in the United States employed only 12 million people, and almost a third of those worked in offices rather than in the factory.
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Markets exist to facilitate exchange between people
Indicate whether the statement is true or false
In the figure above, an increase in the supply of oil would result in a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
In the short run, an unanticipated cut in the rate of inflation would
A) increase the unemployment rate. B) decrease the unemployment rate. C) unambiguously improve the misery index. D) lower the natural rate of unemployment.
A variable that tends to move at the same time as aggregate economic activity is called
A. a leading variable. B. a coincident variable. C. a lagging variable. D. an acyclical variable.