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The Changing Shape Of The Uk Economy 1990-2015

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Last 25 years trends sufficiently interesting for its own thread perhaps.

Services/tech v manufacturing/extractive and obvious growth in housing related

RBS Economics @RBS_Economics

The changing shape of the UK economy. Here's the 20 fastest growing sectors since 1990.

ChC5Yr3WUAM78DZ.jpg

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^^

The UK "Security and Investigation" figure of only 140.2% "growth" at the bottom of the positive growth list is extremely surprising and is not very credible.

In 1990 security personnel were rare although not non existent. There was very little in the way of CCTV

These days you can't go anywhere without the ubiquitous security people - and the CCTV cameras everywhere. Even the police are all over the place now one wonders what they're all doing - what's going on. Then there's the radar/speed traps. Some Malls sometimes have more security people on patrol than shoppers and that's without the shops' own security people on top. Then most every business transport of valuables has to have a Security van etc. If one were to make a guesstimate "Security and Investigation" is one of the biggest growth areas maybe by at least an order of magnitude and should be somewhere near the top of the "% change in output 1990 to 2015" list rather than at the bottom.

Of course there's output and there's output.

Considering all the spam/scam advertising rubbish now shoved through the letter box every day of the week it's a surprise that the "Postal" as well as the "Printing..." output figures are so negative.

It's also remarkable that all the negative growth sectors are nearly all industry and manufacturing but that trend extends way back beyond 1990 and goes back many decades.

Edited by billybong

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ubend-trap-100.jpg

Re malls and security - yes small local one was thinking that earlier this week, OK it was late afternoon during the week, but 3 staff in a tiny shopping centre with 20 odd outlets.

Edited by onlyme2

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"Recruitment Agencies" near the top of the increased "output" list. No wonder - pushing people from one temporary job to the next.

"Output" increase :lol::lol: - it must be one of the sectors creating the most inefficiency of all.

Edited by billybong

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"Recruitment Agencies" near the top of the increased "output" list. No wonder - pushing people from one temporary job to the next.

"Output" increase :lol::lol: - it must be one of the sectors creating the most inefficiency of all.

Plus all the native speakers they need in them screen for those temp jobs.

Native to every other part of the world.

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Last 25 years trends sufficiently interesting for its own thread perhaps.

Services/tech v manufacturing/extractive and obvious growth in housing related

RBS Economics ‏@RBS_Economics

The changing shape of the UK economy. Here's the 20 fastest growing sectors since 1990.

ChC5Yr3WUAM78DZ.jpg

All the biggest growth sectors aside from trains and carriages (bit of a surprise that one) presumably down to lower barriers to entry thanks to internet, linkedin, arixiv etc. Financialisation is a result of just the same thing for the finance sector - lower barriers to entry.

Most of the manufacturing losses down to efficiency gains not offset by increased demand. This is a bigger factor IMO than globalisation.

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