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USA's manufacturing statistics is weird. There are a lot of "manufacturing" companies with billions in revenue without a single factory in USA. First, it is fu
by baybal2 6y ago
USA's manufacturing statistics is weird. There are a lot of "manufacturing" companies with billions in revenue without a single factory in USA.
First, it is funny accounting, second, it is LOWER productivity of most companies, not higher, which is counter-weighted in statistics by few supergiant companies like Boeing, third, it is slow shift to lower value goods, and processes in smaller companies, and sky higher ones in big ones.