Discusses the transformation of service industries since World War II into the number one element in the economy, emphasizing the role that technology has played. Addresses the need for service industries to become even more technology-intensive, in an effort to stabilize employment and make manufacturing in the United States more competitive. (TW)

Traces the decline in United States productivity growth since the late 1960's. Suggests that the failure to innovate, changing demographics, and disruptions to the economy (including oil price increases and inflation) are major contributors to the decline. Argues that American living standards will stagnate unless this trend is reversed. (TW)