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2004-03-05 - 9:05 p.m. The New York Times reports on the latest and greatest in leading-age, garbage, economic thinking : Is cooking a hamburger patty and inserting the meat, lettuce and ketchup inside a bun a manufacturing job, like assembling automobiles? That question is posed in the new Economic Report of the President, a thick annual compendium of observations and statistics on the health of the United States economy ... "When a fast-food restaurant sells a hamburger, for example, is it providing a 'service' or is it combining inputs to 'manufacture' a product?" the report asks. David Huether, chief economist for the National Association of Manufacturers, said he had heard that some economists wanted to count hamburger flipping as manufacturing, which he noted would produce statistics showing more jobs in what has been a declining sector of the economy. � |