3 ms·
lol, what? Look at the graph in the article, output is only slightly above 2000 levels. What portion of the world's consumption of manufactured goods is made by
by Camillo 9y ago
lol, what? Look at the graph in the article, output is only slightly above 2000 levels. What portion of the world's consumption of manufactured goods is made by the US? What portion of the US's own consumption? Those would give a better estimate of relative strength.
If you make most of the product in China, then bring it to the us to put the final touches on it (https://imgur.com/PuyCZ https://imgur.com/PuyCZ), the final product counts as "US manufacturing output". Does that mean the US manufacturing sector is as strong as ever?
Oh, the production of electronics is up! You make the IC in Taiwan, the circuit board and the power supply in China, the display in Korea, the case in China again, but you put them all together in an assembly line in the US. And because there's more people and more demand for gizmos, you can say that you make twice as many widgets now! Does that really mean American manufacturing has gotten "stronger"?