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>Manufacturing never left the US - at $2.5T of output (2021) it's easily the highest it's ever been - almost 40% higher than 10 years previous. It's not 40% hi
by willmadden 3y ago
>Manufacturing never left the US - at $2.5T of output (2021) it's easily the highest it's ever been - almost 40% higher than 10 years previous.
It's not 40% higher in dollar value terms 10 years ago, that's for sure. You are leaving out the part about how the US dollar has lost value. Inflation is well in excess of 40% over the last ten years.
- willmadden 3y agoWhy is this being downvoted? It's factual. You can't compare manufacturing growth in US Dollars over the past 10 years without adjusting for the decline in value of the underlying currency you are using to measure the growth; doing this will show "growth" when you are really just showing inflation in the currency as "growth" while concealing a decline in manufacturing in terms of real output by treating the unit of account as an absolute instead of relative measurement system. It's deceptive.