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PREV (the Matrix)
A partial visualization of how empires die. A service-producing economy generates a lot of low paying, service-based jobs. Goods-producing and/or manufacturing jobs have fallen from 43% and 37% in 1945 to 14% and 9% in 2020. The world's core economy behaves more like a periphery economy importing far more than it produces. The wealth of the US is being transferred to Asia, but nobody talks about it.
Political slogan suggest the return of greatness are nothing more than a illusion to sell complacency to the public. The core economy will return to North America, but many generations will pass before that happens again.
Breakdown of Nonfarm Payroll Jobs (NFP):
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