Word: sectoral
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Dates: during 1970-1979
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...change from an agrarian to an industrial society, so one can now see the lineaments of a post-industrial society. Today in the U.S., 64 out of every 100 people are engaged in services; by 1980 about 70 out of every 100 will be employed in that sector. And these are new kinds of service, not those characteristic of an agrarian society (largely household servants) or an industrial economy (largely the auxiliary services of transportation and utilities, as well as some banking), but "human services" (the expansion in medical care, education and social welfare), professional technical services (research, planning, computer...
...even within the industrial sector, there has been an extraordinary change as automation has begun to replace both unskilled and semiskilled workers. The man on the production line is giving way to the man who watches the dials or the man who comes in, as a skilled worker, to repair the machine. Repairmen and foremen accounted for 75% of the growth in skilled jobs since...
...Commerce Department reported that its index of leading indicators, which foretell the future direction of the economy, was up substantially in July for the fifth straight month. Meanwhile, the Labor Department announced revised figures showing a 5.8% rise during the April-June quarter in productivity in private non-farm sector jobs, which is vital to corporate profits and has been slipping for most of the past two years. Still, not all the signs are sweet, and in fact they are turning sour in one key area: the cost of the money that consumers and companies need to buy the goods...
...Palestinian problem is nowhere in sight, and there seems little hope for compromise on ownership of the West Bank of the Jordan. Jerusalem is coveted by both sides for its religious shrines and its symbolic authority, but the Israelis are even now building apartment houses in the Arab sector of the city...
...officials squared off against the city's union leaders. Representing about 65% of the 320,000 municipal workers, the unions have gained an estimated 129% salary increase for their full-time employees between 1961 and 1973, in contrast to an 85.2% increase in the city's private sector. For four days and almost as many nights, the negotiations rum bled on, punctuated by occasional outbursts that could be heard through the closed hotel room doors. "For Christ's sake!" ... "F___ that!" ... "I'm fed up with Gotbaum!" ... "If you think there's garbage...