Service Economy as a Threat to Social Sustainability

Abstract: Economic growth is often linked to service economy. Sustainable economic growth is based upon economic, environmental and social sustainability. Some argue that economic and environmental sustainability has its foundation on social sustainability. By analysing the effects of service economy on society, one can identify potential threats to social sustainability. Theoretical analysis is supported by historical events from around the world focusing on highlighting threats that service economy countries are exposed to.Findings were that while on short term post-industrial economies boost development and sustainability, on long term countries are facing challenges in terms of ageing population, sustainable communities and access to social equity. Furthermore, depending on local policies, in some cases a trade-off is needed among factors in order to reach the highest level of social sustainability.