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What does manufacturing as a percent of GDP have to do with anything? Case in point: You'd be pretty silly to think that the US isn't an agricultural powerhous
by usaar333 16y ago
What does manufacturing as a percent of GDP have to do with anything?
Case in point: You'd be pretty silly to think that the US isn't an agricultural powerhouse. However, only 2% of the US is employed in that industry which contributes 0.9% of GDP. However, it has one of the highest outputs in the world - and perhaps the highest per worker.
Another point: The US' manufacturing value is so high because it builds expensive goods. There is more innovation occurring with jet engines and airplanes than textiles.
- ilkhd2 16y agoYet it is pretty silly to say that USA is an agricultural country. That means there is a lot creativity going in the agriculture to keep it so efficient. Even if there is innovation going on in the jet engine, there is still a lot of space for innovation in less hi-tech industry.