Top 10 Industries in USA by Revenue –
1) Drug, Cosmetic & Toiletry Wholesaling, 2) Pharmaceutical wholesaling, 3) New Car Dealers, 4) Health & Medical Insurance, 5) Hospitals, 6) Life Insurance & Annuities, 7) Commercial Banking, 8) Public Schools, 9) Supermarkets & grocery stores, 10) Property, Casualty and Direct Insurance.
Top 10 Industries in China by Revenue –
1) Copper Ore Mining, 2) Building Construction, 3) Online Shopping, 4) Real Estate Development, 5) Mail Order-online Shopping, 6) Residential Real Estate, 7) Bridge, Tunnel & Subway Construction, 8) Software Development, 9) Steel Rolling, 10) Engineering Services.
Notice how there are only “service jobs” in the USA, fittingly of the times of Rise (China) & Fall (USA)…
Service industry has its place when you have a strong manufacturing and resource usage industry. Yet, when you are based only on service? You are at the mercy of a manufacturing economy…
Manufacturers build an economy, service economics are there to support a manufacturing economy…
Rise and Fall in simple terms…
WtR