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First thought: the US no longer produces like before. Services have taken over manufacturing.
by rospaya 16y ago
First thought: the US no longer produces like before. Services have taken over manufacturing.
- scritic 16y agoI agree the services economy must have something to do with it. But I'm not sure how exactly. It's true that services now employ more people than manufacturing. But even if the number of people employed in manufacturing have declined, the amount of stuff manufactured itself has risen; manufacturing is more productive (even if employing less people) than it was before. I am not yet sure why this should lead to a loss of prestige for science and engineering.
- thecabinet 16y ago> the US no longer produces like before You're right about that, but not the way you meant: http://mercatus.org/publication/us-manufacturing-output-vs-jobs-1975 http://mercatus.org/publication/us-manufacturing-output-vs-j... The US produces twice what it did in 1975 using a third fewer people.