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From your link: the US made up 28% of manufacturing in 2002, dipped steeply, and then rose back to 18%. That's a huge loss of manufacturing. Especially when you
by iratewizard 5y ago
From your link: the US made up 28% of manufacturing in 2002, dipped steeply, and then rose back to 18%. That's a huge loss of manufacturing. Especially when you consider that the manufacturing activity in China is, in large part, US companies gutting their own operations to save a buck. The short-sighted, "well educated" Harvard MBA bean counters aren't taught in school what comes next. After they gut and globalized, China steals their IP and floods the market with clones under a dozen shadow brands.
- deleted 5y ago[deleted]
- ScarletEmerald 5y agoThe bean counters got their salaries and bonuses. Why should they care what happens next? It seems to me that historically the real controls on our business models were social, not regulatory. And with ethics and conscience removed, we've become a society being slowly devoured by a close relative of paper-clip optimizer AIs, running on distributed and fungible human wetware.
- barry-cotter 5y agoIt never dropped in absolute terms. It’s been on a constant upward trend. As a proportion of global manufacturing it dropped but that’s inevitable with other economies growing if you’re as big a part of the global economy as the US is.
- iratewizard 5y agoTell that to the rust belt.