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> Thing is, manufacturing in America is up. I'm looking at the first chart, "Manufacturing Sector: Real Sectoral Output for All Workers" [1]. It grew until Q2
by like_any_other 2y ago
> Thing is, manufacturing in America is up.
I'm looking at the first chart, "Manufacturing Sector: Real Sectoral Output for All Workers" [1]. It grew until Q2 2000, when it was at 97.2. In Q4 2024 it was at 98.6. And let's not ignore how almost all leading semiconductor manufacturing (which are in and required for nearly everything) has moved to East Asia.
[1] https://fred.stlouisfed.org/series/OUTMS https://fred.stlouisfed.org/series/OUTMS
- cutemonster 2y agoThis one also bad, stagnant last 15 years: https://fred.stlouisfed.org/series/OPHMFG https://fred.stlouisfed.org/series/OPHMFG Labor Productivity (Output per Hour) for All Workers
- like_any_other 2y agoI didn't notice it before, but these are not per capita numbers. In 2000, the US population was 281 million, and in 2024 it was 340 million [1]. So per capita, manufacturing went from 97.2 in 2000, to 81.5 in 2024. [1] https://en.wikipedia.org/wiki/Demographics_of_the_United_States#Population https://en.wikipedia.org/wiki/Demographics_of_the_United_Sta...