General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis slideshow outlines why our economy will never fully recover...
The list shows the biggest industry for each state. With the exception of a few the big three are
1. Healthcare related - Hospitals and ambulatory care
2. Insurance - obviously related to number 1
3. Banking - someone has to handle the money from the above
Manufacturing is gone, Ohio which once was where everything was made is now healthcare. Michigan and Kentucky remain the only two true Manufacturing states. West Virginia and Wyoming are busy destroying the planet with mining and then there are the typical Oil producing states.
We are all living to take care of each other or take each others money, no one is making anything for anyone else anymore.
The largest industry in every state http://a.msn.com/00/en-us/AAeKgb6?ocid=se
mnhtnbb
(31,381 posts)I wouldn't have guessed NC would fall in the banking/federal reserve classification. I knew Charlotte was big,
but I guess I didn't realize how big.
exboyfil
(17,862 posts)Indiana and Louisiana are chemicals (which I guess is good and bad)
Virginia - Tobacco (which I guess is all bad)
I do agree with your point though.
zipplewrath
(16,646 posts)But that slideshow doesn't really show what you claim. The vast majority of the "largest" industries in a state are less than 10% of GDP, often less than 5%. That means the other 95% of the GDP is something else.
Honestly, it doesn't show much at all for most states. You'd need to see a much broader range of where their GDP comes from in order to understand what is going on. I'm not disputing that there has been a huge loss in manufacturing jobs. But sadly, much of the shift has been as much to the "service" industry as to medical and banking. The 80% area being employed "serving" the 20%.