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> Now that America has no manufacturing capacity This is a meme that doesn't have any bearing in reality. The U.S. remains the world's second-largest manufactu
by rpdillon 1y ago
> Now that America has no manufacturing capacity
This is a meme that doesn't have any bearing in reality. The U.S. remains the world's second-largest manufacturer behind China, with real output reaching an all-time high of $2.5 trillion in 2021. Manufacturing's contribution to U.S. GDP in 2023 was approximately 10.2%, or $2.3 trillion.
The reason the meme persists, I think, is that fewer and fewer folks work in manufacturing, due to a massive increase in automation. In essence, the U.S. didn't offshore manufacturing as much as they automated it. So it seems to have disappeared from an employment perspective, even though in continues to drive the economy.
Automation has significantly boosted productivity and efficiency, enabling higher output, but it has also contributed to the long-term decline in manufacturing employment.
The notion that the U.S. subsists on "exploitative subscription services, lock-in and planned obsolescence" is, while part of the everyday consumer experience, not a good reflection of what is really driving the economy.