Post-Industrialism

Post-industrialism refers to a society in which more wealth is generated from the service sector than from manufacturing. The term originated from American sociologist Daniel Bell in 1973 and embodies several key themes used to describe a post-industrial society, including: the economy transitioning from the production of goods to production of services; knowledge becoming a valued form of capital; ideas being considered an important method of economic growth; decline in the importance of blue- collar workers and growth in the prevalence of white-collar workers; and a rise in behavioral and information science and technology.