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In this instance yes, it’s core to understanding what really happened in our economy. The critical point is how they account for better products year over year
by purple-again 8y ago
In this instance yes, it’s core to understanding what really happened in our economy.
The critical point is how they account for better products year over year. A faster chip in 2017 is counted as 2 2016 chips because it’s that much better.
A can of soda in 2017 is equal to a can of soda in 2016.
So when you remove this one weird industry that is experiencing tremendous growth in power, it turns out our manufacturing has been well and truly gutted.
If you look at manufacturing “value” including computers it doesn’t look so bad.
If you look at manufacturing units not including computers...you understand Trump 2016 a little better.
- foota 8y agoYes, but didn't the computer manufacturing industry use up lots of investment to get there?