American manufacturing jobs have been decimated. American manufacturing is at or near historical highs in terms of actual output and value. America simply doe

American manufacturing jobs have been decimated. American manufacturing is at or near historical highs in terms of actual output and value. America simply doesn't do much low-margin, low-end stuff anymore. To use steel as an example, America still produces a HUGE amount of steel. But most is now specialty alloys (which requires more precision, control and ingredient purity) rather than bulk mild steel.