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The U.S.’s manufacturing and agrarian economic base has virtually  disappeared.  Will the service sector be enough to sustain the country  long term? I certainly hope so…
theatlantic:

Where Did All the Workers Go? 60 Years of Economic Change in 1 Graph

President Obama’s State of the Union speech was surprisingly bullish on reviving manufacturing, prompting one very clever person on Twitter to say something along the lines of: “Democrats want the economy of the 1950s, while Republicans just want to live there.”
It got me thinking: What did the economy look like in the 1950s? If you could organize all the jobs into buckets and compare the paper-shuffling professional services bucket to the manufacturing bucket, what would they look like around 1950, and how has the picture changed in the last 60 years? Read more.
[Image: Brian McGill and Peter Bell/National Journal]

The U.S.’s manufacturing and agrarian economic base has virtually disappeared.  Will the service sector be enough to sustain the country long term? I certainly hope so…

theatlantic:

Where Did All the Workers Go? 60 Years of Economic Change in 1 Graph

President Obama’s State of the Union speech was surprisingly bullish on reviving manufacturing, prompting one very clever person on Twitter to say something along the lines of: “Democrats want the economy of the 1950s, while Republicans just want to live there.”

It got me thinking: What did the economy look like in the 1950s? If you could organize all the jobs into buckets and compare the paper-shuffling professional services bucket to the manufacturing bucket, what would they look like around 1950, and how has the picture changed in the last 60 years? Read more.

[Image: Brian McGill and Peter Bell/National Journal]