🔗 The Biggest Industry in Every State, Mapped

Makes for an interesting read .. and then I saw that Real Estate was the biggest industry in California .. and I thought wait .. there’s tech, entertainment, aerospace, agriculture .. real estate out performs them all?

And then I read …

"This is largely because the Bureau of Economic Analysis treats homeowners as landlords renting to themselves, and includes the rental value in GDP. If economists did not include this value, a jump in the homeownership rate would cause GDP to drop."

Talk about measuring the wrong things! https://www.visualcapitalist.com/sp/ter01-the-biggest-industry-in-every-state/