postindustrial economy

1. A phrase that describes the shift of some major industrial economies in the late twentieth century away from producing goods and toward producing services.

Example Sentences

As Jake Blumgart writes, “Atlantic City essentially postponed its region’s reckoning with the postindustrial economy for 30 years.”

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This shift to a highly financialized, postindustrial economy was helped along by the Reagan administration, which deregulated banking, cut the top income tax rate to 28 percent from 70 percent and took aim at organized labor — a political scapegoat for the sluggish, inflationary economy of the ’70s.

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The 45-acre industrial site on Indianapolis’s west side was marooned between symbols of the postindustrial economy, warehouses belonging to retailers Target and Amazon.

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They were seething with anger: at immigrants, at Britain’s postindustrial economy and at the constant gaze of the country’s news media and political elite in the south, toward London.

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The big, longstanding parties of the left started vanishing from Europe years ago as class alliances faded in a postindustrial economy.

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