Productivity gains in the service sector have been much lower than that of manufacturing.

Question

Quizplus · Accepted Answer

This statement is true. According to economic research, productivity gains in the service sector over the past few decades have been much lower than that of manufacturing. This is due to the nature of the service sector, which is often more labor-intensive and requires more human interaction and customization, making it harder to automate and streamline processes.

Productivity Gains in the Service Sector Have Been Much Lower