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> After killing its manufacturing industry Manufacturing's share of US real GDP has remained relatively stable over time: https://www.stlouisfed.org/on-the-eco
by kaashif 3y ago
> After killing its manufacturing industry
Manufacturing's share of US real GDP has remained relatively stable over time: https://www.stlouisfed.org/on-the-economy/2017/april/us-manufacturing-really-declining https://www.stlouisfed.org/on-the-economy/2017/april/us-manu...
i.e. the quantities of goods produced is growing about as fast as the economy. The reason manufacturing is dropping as a percentage of nominal GDP is that inflation for manufactured goods has been lower than for other goods.