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Fair point. Personally, I don't like that hiring a electrician during construction is manufacturing but afterwards is then service. But then these aren't meant to be perfect.

... That's not goalpost movement by me. A service economy is one where there's a large majority of service. I called Britian a service economy also in a prior post on this very page (here), citing evidence that they were 79% service. This is what a service economy looks like. Now you are saying...

First, services don't only redistributing wealth (if that's what you want to call trade, which is different). Repairing stuff isn't moving wealth around, nor is most financial services, as that wealth is invested instead of being left to do nothing. Hiring a construction firm to build something...

So this too is wrong. A service economy is one that is majority (or perhaps a significant plurality) service. It doesn't need to be all of it. And this too is wrong. One doesn't need to have a manufacturing economy (or really nearly any manufacturing) in a nation if you trade with a nation that...

So first, Puerto Rico isn't even a nation. But moving on from this: Singapore: Actually a small island nation (yes, Singapore itself is its own island), and made it's money off of trade (and now finance), which is service sector. See, again, your problem isn't the service sector, but a specific...

Service economy != customer service. IBM views itself in the service economy (they build computers, yes, but most of the profit apparently comes from keeping them up and running all the time). Cloud service providers are the service economy. Google is almost entirely in the service economy...

A lot wrong here. Like a shitton. The UK? That's a small island nation. Spoilers: It ain't poor. How did it make much of it's money? Service economy, especially banks and trading. Yes, the industrial revolution was also a big part, but currently, 79% of its economy is service oriented, and...

The problem with this is the same problem with any massive government program that's trying to fix an economic problem: No one knows what the future will hold and require. Or more accurately, some people do, but as a practical matter the only way to figure out who does isn't by reasoned analysis...