Failure by design
Manufacturing and financial sectors as share of private economy,* 1948–2009
| Financial sector | Manufacturing sector | |
|---|---|---|
| 1948 | 4.31% | 44.29% |
| 1949 | 5.04% | 43.09% |
| 1950 | 4.74% | 45.02% |
| 1951 | 4.57% | 46.55% |
| 1952 | 5.00% | 45.68% |
| 1953 | 5.20% | 46.48% |
| 1954 | 5.63% | 44.38% |
| 1955 | 5.41% | 45.38% |
| 1956 | 5.50% | 44.75% |
| 1957 | 5.69% | 44.29% |
| 1958 | 6.30% | 42.05% |
| 1959 | 6.35% | 43.32% |
| 1960 | 6.69% | 42.05% |
| 1961 | 6.85% | 41.14% |
| 1962 | 6.63% | 41.38% |
| 1963 | 6.38% | 41.37% |
| 1964 | 6.37% | 41.18% |
| 1965 | 6.23% | 41.85% |
| 1966 | 6.28% | 42.15% |
| 1967 | 6.52% | 41.07% |
| 1968 | 6.79% | 40.82% |
| 1969 | 6.84% | 39.67% |
| 1970 | 7.37% | 37.20% |
| 1971 | 7.61% | 36.55% |
| 1972 | 7.55% | 36.74% |
| 1973 | 7.37% | 37.05% |
| 1974 | 7.30% | 36.47% |
| 1975 | 7.30% | 35.86% |
| 1976 | 7.37% | 36.71% |
| 1977 | 7.64% | 36.58% |
| 1978 | 7.92% | 36.17% |
| 1979 | 7.76% | 35.77% |
| 1980 | 7.46% | 34.65% |
| 1981 | 7.04% | 34.42% |
| 1982 | 7.26% | 32.06% |
| 1983 | 7.91% | 31.04% |
| 1984 | 7.48% | 30.83% |
| 1985 | 8.18% | 29.69% |
| 1986 | 9.12% | 27.97% |
| 1987 | 9.35% | 27.88% |
| 1988 | 9.31% | 28.28% |
| 1989 | 9.45% | 27.47% |
| 1990 | 9.63% | 26.71% |
| 1991 | 10.57% | 25.75% |
| 1992 | 11.06% | 25.12% |
| 1993 | 10.91% | 24.98% |
| 1994 | 10.33% | 25.12% |
| 1995 | 10.91% | 24.70% |
| 1996 | 10.99% | 23.88% |
| 1997 | 11.44% | 23.39% |
| 1998 | 11.13% | 22.36% |
| 1999 | 11.67% | 21.72% |
| 2000 | 11.53% | 20.50% |
| 2001 | 12.44% | 16.74% |
| 2002 | 12.93% | 15.94% |
| 2003 | 13.28% | 15.88% |
| 2004 | 13.36% | 16.06% |
| 2005 | 13.86% | 16.56% |
| 2006 | 13.65% | 16.59% |
| 2007 | 12.42% | 16.08% |
| 2008 | 10.04% | 15.28% |
| 2009 | 11.43% | 14.23% |
*Compensation plus corporate profits only
Source: EPI analysis of Bureau of Economic Analysis data. Reprinted with permission from Josh Bivens, Failure by Design: The Story behind America's Broken Economy, Economic Policy Institute/ILR Press, 2011.
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