U.S. Economy in One Chart

https://www.visualcapitalist.com/americas-biggest-industries-by-economic-output/

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Back in the 90s n 2000s, there were lots of laments about US becoming a “services economy”.
IIRC, these were met with
“Don’t worry. These are high paying, often white collar, EASY, … The US is way better off without the brutish jobs”.

Agriculture is visually tiny… But it’s 262B on that chart
I was surprised at how “tiny” Ag is.

:thinking:
ralph

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I wonder how much of the largest sector pictured, “Finance & Real Estate”, is “skim, scam & fraud”?

I’m guessing at least 30%.

intercst

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I wonder if food is included in agriculture. Processing ag products is tied to the land, has to be mostly domestic. And should be huge.

The ag sector on the chart was only $0.3 trillion. Americans spend about $1.6 trillion on food annually.

The Visual Capitalist chart is of “value added”. Not sure what that is.

DB2

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Processing many ag products falls under manufacturing.

What Americans spend on food is typically captured in retail sales, not ag.

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