Skip to:
  1. Main navigation
  2. Main content
  3. Footer
Economic Commentary

Service-Sector Wages: the Importance of Education

Download pdf

Many of the new jobs in the rapidly growing service sector offer wages that are competitive with the best manufacturing jobs. These service jobs require relatively scarce skills, however. The current labor market demands higher levels of basic education in return for greater compensation.

12.15.1988EC 12/15/1988

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Swinton, John. 1988. “Service-Sector Wages: the Importance of Education.” Federal Reserve Bank of Cleveland, Economic Commentary 12/15/1988.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International