The Impact Of Service Economy On The Hotel And Hospitality...

United States has becoming a corporate nation and its economy is primarily based on the service sector. The corporate greed for more profit is crumbling world’s economy. The reason this sector has implications for work in this country is because of constant increasing in the hotel and hospitality industry. The most important reason of growing these sectors are women that they choose to work outside their household. Negative and Positive Aspects of Service Economy A service economy refers to a financial concept that says that service is becoming more and more important in product offerings. The U.S. Census Bureau reports that some of the service sector, primarily consists of truck transportation, messenger services, and warehousing; information sector services; securities commodities and other financial investment services; rental and leasing services; professional, scientific and technical services; administrative and support services; waste management and remediation; health care and social assistance; and arts, entertainment and recreation services. The positive aspect is that service economy creates more jobs in the community, but on the other hand the negative aspect is that these jobs pay low wages and most of them do not include any health benefits. The shift of service economy had a big impact on the society. The change from manufacturing to the service sector created jobs with low pays. 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