Show BABSON'S BA SONS SON'S f r AUTHENTIC STATEMENT Racer Rorer W flab Special to THE EXPRESS JOB PROSPECTS IN SER VICE INDUSTRIES Dabson Babson Park Mass July 22 Young people considering a l life life- lifetime e time career would do well to take a long hard look at the service trades before making a final job decision There is a wide scope of opportunities in these fields ranging from the easiest and simplest tasks to work requiring the highest lev lev- levels els of education and business training Openings Steadily ily Increasing A compelling reason for foe using on the service industries 1 now and in the years ahead is the fact that our economy economy- once heavily industrial in terms of employment employment- is shifting its emphasis to the service area Just ten years ago log ing employment slid for the first time below 50 per cent of the total working force of the nation Since then the decline in producing goods workers has h a s persisted dropping the total to about 45 per cent With automa automa- automation tion and other means of in in- in increasing creasing productivity becoming more prevalent jobs in manu manu- manufacturing may continue to The principal reason this has not brought on an unemployment ment crisis of major proportion is the simultaneous emergence of a service oriented economy The dynamism of this this change may be understood from the fact that the total of service employees has risen from million at the 1929 peak to ap- ap approximately approximately proximately 38 million today And ever greater leisure time along with cumulative gains in inthe inthe the family incomes may broad en the the base for services all along the line Widening Scope Scope Of Services Some may be surprised when they look into the powerful ser ser ser- service vice industries and discover how they are changing our ba ba- ba basic sic economy Included in the category are retail and whole whole- wholesale sale trade real estate in Insurance sur ance and financial operations of all types Then there are bu bu- bu business siness personal professional and repair occupations affect affect- affecting ing practically all phases of our national and personal lives Go- Go Government Government is one of the major service fields fields- providing over ever expanding employment at mun- mun municipal munIcipal state and federal levels A number of the service occupations do not demand exceptionally high educational back grounds so that even school outs dropouts or those unable for forone forone one reason or other to g o 0 through college can often find fairly well paying starting jobs Also those who prefer to be self employed will find a stead stead- steadily ily widening field of opportunity within the booming service cat cat- categories Services have attract ed cd many female employees close to half the total often because such jobs require no outstanding physical strength whereas In goods producing lines the total of women work workers ers amounts to only about 20 per cent Effects of Services Growth On The Economy Fortunately the growth of a amore amore more heavily service service oriented oriented economy is likely to mean great great- greater er job stability for those Involved ed since most of the seasonal and cyclical unemployment oc oc- oc occurs curs among workers engaged in producing goods go ds Inasmuch as asit asit it Is going to take fewer and fe people to turn out an ever greater flow of products under automation obviously the ser ser ser- service vice segment of our business system will become a gradually more important fundamental support for the nations nation's economy economy my This change in the of our employment structure could eventually help to ease the type of recession that used to be a real problem because of 1 the wide scale layoffs of pro pro- line workers There tends to be greater greater- than average provision for pay raises job security and retire retire- retirement ment programs in a number of the most important service cate cate- cate categories gories This is of course parti parti- parti particularly true in the various bran bran- branches branches ches of government from fed fed- federal eral to local Also boosting the upsurge in service activities Is the Increasing availability of jobs for time part workers of ten a real help to older men and women retirees or those who want to add a little to their ba ba- ba basic sic incomes |