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Industrial production in the USA is near the highest it has ever been. Production has already returned, it's just that all the jobs are very highly automated no
by WJW 4y ago
Industrial production in the USA is near the highest it has ever been. Production has already returned, it's just that all the jobs are very highly automated now. An economy where the majority of jobs are involved in manufacturing is unlikely to ever return.
- pydry 4y agoIf the worldwide system of cheap, reliable container shipping network breaks down it'll probably happen (very slowly), along with a firestorm of inflation (that'll be quick). Right now it's only fraying around the edges.
- deleted 4y ago[deleted]
- baybal2 4y ago
- acover 4y agoIt looks like it flat lined for the last decade. https://fred.stlouisfed.org/series/PRMNTO01USQ661N https://fred.stlouisfed.org/series/PRMNTO01USQ661N