How America Shifted From Manufacturing to Finance: The Empire Economics Model
Why did America stop making things and start shuffling money around instead? In this Pattern Break episode, Casey reveals how a 60-year shift from manufacturing to finance has completely rewired who holds power in America. The numbers are pretty stunning: manufacturing jobs dropped from 26% of total employment in 1970 to just 12% by 2010, while financial services exploded. 🎯 What You'll Learn: • How GM and GE got replaced by tech and finance companies in the Fortune 500 (and what this means for regular workers) • Why financial sector profits jumped from 10% to over 40% of total corporate…
The skinny
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