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Manufacturing is ~10% of GDP in California: https://nam.org/state-manufacturing-data/2021-california-manufacturing-facts/#:~:text=Manufacturers%20in%20Californi
by onlyrealcuzzo 2y ago
Manufacturing is ~10% of GDP in California: https://nam.org/state-manufacturing-data/2021-california-manufacturing-facts/#:~:text=Manufacturers%20in%20California%20account%20for,employing%207.57%25%20of%20the%20workforce. https://nam.org/state-manufacturing-data/2021-california-man...
California is only the largest manufacturer because it's BY FAR the largest state economy.
Manufacturing was ~20% of German GDP (down to 18.5%): https://tradingeconomics.com/germany/manufacturing-value-added-percent-of-gdp-wb-data.html https://tradingeconomics.com/germany/manufacturing-value-add...
If you keep having higher energy than the rest of Europe and the world - you'll keep shrinking your manufacturing as a percentage of GDP (and manufacturing jobs).
- twothreeone 2y ago> If you keep having higher energy than the rest of Europe and the world - you'll keep shrinking your manufacturing as a percentage of GDP (and manufacturing jobs). That's correct, but what you describe is an intentional continuation of the general trend of transitioning from secondary to tertiary sector, which has been on-going for several decades. Absent any major disasters or wars I suspect it will taper off at a level only slightly higher than California in percentage of GDP in the long term (40-60 years).