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> What do you guys think you’re getting for your deindustrialization? It is a myth that the U.S. has deindustrialized. The value of manufactured goods in the U
by infamia 3y ago
> What do you guys think you’re getting for your deindustrialization?
It is a myth that the U.S. has deindustrialized. The value of manufactured goods in the US has markedly increased over the decades. It has only ever dropped significantly during recessions.
https://fred.stlouisfed.org/series/SLMNTO02USA189N https://fred.stlouisfed.org/series/SLMNTO02USA189N
- cced 3y agoNot sure how you can possibly claim that deindustrialization is a myth amidst constant talk of reshoring industry. It is no secret that manufacturing was moved to Asia and you’re presenting figures of “sale values”. What does this say of the industries? What is the production like? What is meant by manufactured? Is this inflation adjusted? Value is up but what about throughput? What is being produced and who is buying it? Manufacturing employment has been falling for over 40 years [1]. We live in a service oriented consumption based economy. [1]: https://www.bls.gov/opub/btn/volume-9/forty-years-of-falling-manufacturing-employment.htm https://www.bls.gov/opub/btn/volume-9/forty-years-of-falling...