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4. Composition of Southern Industry.
The presence of industries alone does not assure the
economic well-being of a region. Some industries are more
important than others in boosting the region up the economic
ladder — these are the industries that make the most
efficient use of manpower, that have a high ratio of capital
to labor and thus rank high in terms of output per man hour
and value added per employee. The South has made great
strides in working towards this goal — it has the same
proportion as the rest of the country of employees working
in the chemical, petroleum, tobacco, primary metals and
paper industries, the top five Industries ranked according
to value added per employee, but it still has an over-
predominance of the low value industries. Over hal'lf of its
employees work in the five lowest industries -- apparel,
textile, leather, lumber, and furniture
