If Service Jobs Fail, Then We’re In Trouble
Posted on July 31st, 2008 by Carl Vanderpal
The Wall Street Journal recently published an article entitled U.S. Consumers Trade Down as Economic Angst Grows, which says that Americans are saving money by choosing less expensive brands and models of products. Wholesalers and retailers are cutting back offerings of designer brands for the less expensive "plain Jane" products. The article concentrates on products, but has almost nothing to say about services. If Americans just cut back on designer brands, job losses should be moderate. If
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