I completely agree with your point, but I think it's important to point at this is measured in $$ value. We are manufacturing lower volume, higher value stuff

I completely agree with your point, but I think it's important to point at this is measured in $$ value. We are manufacturing lower volume, higher value stuff than before (high tech) but we probably don't manufacture the same volume that we did 30 years ago (measured by weight or # of widgets).