2 ms·
Real manufacturing output is a lot higher than it was back in the supposed heyday of manufacturing. https://fred.stlouisfed.org/series/OUTMS https://fred.stlou
by esoterica 6y ago
Real manufacturing output is a lot higher than it was back in the supposed heyday of manufacturing.
https://fred.stlouisfed.org/series/OUTMS https://fred.stlouisfed.org/series/OUTMS
Manufacturing employment, on the other hand, is down substantially because of automation.
- WillPostForFood 6y agoHow much of manufacturing output growth was driven by the boom in the oil/gas industry? People hear manufacturing and think electronics or cars, but petroleum and coal was 2x the size of the auto manufacturing last time I looked.