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The problem seems to be that there was a loss of focus on high end manufacturing in the US. Germany and northern Italy are the counter examples but even those c
by babesh 6y ago
The problem seems to be that there was a loss of focus on high end manufacturing in the US. Germany and northern Italy are the counter examples but even those countries were not immune to globalization.
Also, it may be that globalization is coming for them next but that they are higher up the hierarchy.
There seems to be a reawakening towards manufacturing in the US with electric cars and rockets. It’s not just Tesla and SpaceX. It’s Rivian, Rocket Lab, Virgin Galactic, etc... I hope it strengthens.
- robohoe 6y agoI hope Rivian thrives. Downstate IL (where their factory is) is struggling and needs the manufacturing jobs to come bac.
- deleted 6y ago[deleted]
- xxpor 6y agoThe US has always done high end manufacturing. The difference from the 70s is that it requires a lot fewer humans. Manufacturing output in the US is up ~75% from 1998-2017: https://www.macrotrends.net/countries/USA/united-states/manufacturing-output https://www.macrotrends.net/countries/USA/united-states/manu... Yet employment is down ~4 million people in the same period: https://fred.stlouisfed.org/series/MANEMP https://fred.stlouisfed.org/series/MANEMP Edit: Here's a FRED blog post talking about the same thing: https://fredblog.stlouisfed.org/2014/12/manufacturing-is-growing-even-when-manufacturing-jobs-are-not/ https://fredblog.stlouisfed.org/2014/12/manufacturing-is-gro...