non-tradable

Nearly all the new jobs created in the United States between 1990 and 2008 were in the non-tradable sector of the economy, particularly health care and government, which are unaffected by global competition.

Jeff Selingo: What the Lost Decade of Wages Means for Colleges and Their Graduates Jeff Selingo 2011

In the non-tradable bucket went activities such as government, health care, retail, construction, hotels, transportation, wholesaling - things that pretty much have to be done here and sold here.

Key to job growth, equality is boosting tradable sector of economy 2011

Nearly all the new jobs created in the United States between 1990 and 2008 were in the non-tradable sector of the economy, particularly health care and government, which are unaffected by global competition.

Jeff Selingo: What the Lost Decade of Wages Means for Colleges and Their Graduates Jeff Selingo 2011

This will further contribute to a shift from the non-tradable to the tradable sectors, and will ultimately open the possibility for tax cuts.

Portugal Is Beating the Headwinds Carlos Moedas 2012

One was that all the job growth came pretty much in the non-tradable activities, in particular government and health care, while across wide swaths of the tradable manufacturing sector, jobs declined significantly.

Key to job growth, equality is boosting tradable sector of economy 2011

Nearly all the new jobs created in the United States between 1990 and 2008 were in the non-tradable sector of the economy, particularly health care and government, which are unaffected by global competition.

Jeff Selingo: What the Lost Decade of Wages Means for Colleges and Their Graduates Jeff Selingo 2011

Nearly all the new jobs created in the United States between 1990 and 2008 were in the non-tradable sector of the economy, particularly health care and government, which are unaffected by global competition.

Jeff Selingo: What the Lost Decade of Wages Means for Colleges and Their Graduates Jeff Selingo 2011

Moreover, now that the credit bubble has burst and households and government have had to cut back on their debt-financed consumption, much of the job creation that has gone on in the non-tradable sector is unlikely to continue.

Key to job growth, equality is boosting tradable sector of economy 2011

We are losing jobs in both and shifting to non-tradable services, which are mostly low value-added, and thus ill-paid, jobs.

Ian Fletcher: The Death of the Postindustrial Dream 2010

However, stronger consumer expenditure, while appropriate from a cyclical perspective — any additional demand is welcome — is not what the U.S. needs for long-term sustainability and structural adjustment: to raise the national saving rate, boost fixed investment in plant, equipment and infrastructure, achieve a trade surplus and shift resources from the non-tradable to the tradable sectors.

Is this the Right Time for the Fed to go Negative? Willem Buiter 2010