4 ms·
> Cheaper goods don't make up for dying towns. Manufacturing output in the US is at an all-time high: * https://en.wikipedia.org/wiki/Manufacturing_in_the_Uni
by throw0101b 2y ago
> Cheaper goods don't make up for dying towns.
Manufacturing output in the US is at an all-time high:
* https://en.wikipedia.org/wiki/Manufacturing_in_the_United_States#/media/File:Manufacturing_GDP_(nominal_and_real)_and_Manufacturing_Employment.png https://en.wikipedia.org/wiki/Manufacturing_in_the_United_St...
* https://en.wikipedia.org/wiki/Manufacturing_in_the_United_States https://en.wikipedia.org/wiki/Manufacturing_in_the_United_St...
Though it's (a) smaller share of GDP compared to the 'good old days' of the 1950-60s, and (b) does not need as many workers because of automation. This is true in a lot of industries: various seaports have never imported/exports more goods, but have fewer dockworkers than decades ago because of containerization and giant cranes.
Though one problem is of 'concentrated loss': if a town/area was dependent on one factory (or industry), then it could be especially heavily hit because of that single point of failure.