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Manufacturing output has grown the past many years in the USA - higher productivity technology with fewer workers. It's untrue that manufacturing as an industry
by jeffbax 8y ago
Manufacturing output has grown the past many years in the USA - higher productivity technology with fewer workers. It's untrue that manufacturing as an industry is in decline, it's just that the low end has while higher end has risen as have the required skills
- DuskStar 8y agoSome people say that that was an artifact of quality adjustments on computer hardware, and that without the adjustments (or computer hardware) we're actually in a decline. [0] The chart of "Manufacturing" vs "Manufacturing, less computers [1] was pretty striking. If you sold 1GB of RAM for $10 two years ago, and you sold 2GB of RAM for $10 this year, that's the normal state of the computer market. I don't think it's really equivalent to selling twice as many tons of steel or wheat for half the price. 0: https://qz.com/1269172/the-epic-mistake-about-manufacturing-thats-cost-americans-millions-of-jobs/ https://qz.com/1269172/the-epic-mistake-about-manufacturing-... 1: https://www.theatlas.com/charts/BJh4B5_TG https://www.theatlas.com/charts/BJh4B5_TG
- Nokinside 8y agoThe GDP share of manufacturing will decline. (I should have been more precise)