3 ms·
> this concern that the US manufacturing industry is dying or dead is a myth The counter-meme that US manufacturing is still strong is also something of a myth
by gamble 16y ago
> this concern that the US manufacturing industry is dying or dead is a myth
The counter-meme that US manufacturing is still strong is also something of a myth. The biggest components of the manufacturing sector are things that most people probably don't immediately associate with manufacturing. For example, agricultural products are a huge component. As are primary industries like logging. Processed chemicals represent another big chunk. Most of the factory goods that fit the traditional definition of manufacturing are industrial equipment like earth-movers or electrical transformers. Note that these are all capital-intensive industries that are either protected by tariffs and subsides, or bulky, cost-sensitive goods that aren't as easy to build at a profit overseas.
On the other hand, the mass-market consumer product industries that most people think of as synonymous with manufacturing have been wiped out in the US.