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These changes will eventually produce great benefits, but they will be opposed by many in the shrinking sectors.
Nevertheless, over a longer time horizon, the economy would restructure toward less energy-intensive sectors and reduced employment in the shrinking sectors is likely to be compensated by expanded production and new jobs in other industries.
Similar(58)
Though agriculture represents a shrinking sector of the economy, the tradition continues.
If she belongs "to a shrinking sector of academic life," as Delbanco says, we are the worse for it.
Referring to Sedgwick's offending choice of words, including "liminal," Delbanco seems to say not to worry: "This kind of thing is a shrinking sector of academic life".
But this kind of thing is a shrinking sector of academic life, on which, in any event, the generation that came of age in the '70s and '80s is losing its grip.
Alternatively, if a sector had low inflow and low stickiness, we interpreted this as an unattractive and shrinking sector because not only were there few new providers entering the sector, the ones who were working in that sector did not remain over time.
The hope is that private sector activity will thrive in compensation for the shrinking public sector.
Manufacturing now makes up just 10% of the economy but the government has been looking to grow the sector, and exports in particular, to pick up some of the slack from a shrinking public sector and depressed domestic demand.
Most of the cuts were in the shrinking manufacturing sector.
It also underscores the vulnerability of an economy with a shrinking manufacturing sector.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com