The labour market in transition
Author: Vogler-Ludwig K. (in Hummel et al.: Stärken und Schwächen Deutschlands im internationalen Wettbewerb um Einkommen und Arbeitsplätze, Strukturbericht 1995)
Client: Bundesministerium für Wirtschaft
Publisher: Dunker & Humblot, Berlin
The trend to the services economy has been a fact for many years. Unlike the early forecasts, however, the growth of the services sector is determined by skilled or intellectual rather than unskilled services. This trend was examined in studies in the eighties and followed up in more recent forecasts of the European economy.
Today it seems to be clear that competitiveness and sectoral transitions in the developed countries are dominated by human capital resources accumulated in the services economy.