Flippers, Not Makers—Why The US Economy Continues To Decay

Who would have thought in 1947 that output of the country’s manufacturing sector would decline from one-quarter of the gross domestic product to close to 11 percent and would be surpassed by the output of a bunch of real estate agents and house flippers?  Nothing against real estate agents, by the way, and Flipper was my favorite television show as a kid. Real estate is now the largest industry as a percentage of GDP.