While deindustrialization is still taking place in many parts of the US, it's worth looking at a historical perspective. A new Dallas Fed study points out the long term evolution of the structure of the US economy. This chart shows the share of employment in the US in agriculture, industry, and the service sector going back to 1850: Back in the nineteenth century, the US economy was mostly built on agriculture. Over the next century, agricultural jobs went into decline as more efficient farming ...
While deindustrialization is still taking place in many parts of the US, it's worth looking at a historical perspective. A new Dallas Fed study points out the long term evolution of the structure of the US economy. This chart shows the share of employment in the US in agriculture, industry, and the service sector going back to 1850: Back in the nineteenth century, the US economy was mostly built on agriculture. Over the next century, agricultural jobs went into decline as more efficient farming ...
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