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"It is no longer producing many physical goods." LOLWUT, as they say on the internet. The US currently enjoys more industrial production than at any time in i
by thrownaway2424 13y ago
"It is no longer producing many physical goods."
LOLWUT, as they say on the internet. The US currently enjoys more industrial production than at any time in its history. It is still the largest producer of manufactured goods in the world.
"U.S. Manufacturing in International Perspective"
http://www.fas.org/sgp/crs/misc/R42135.pdf http://www.fas.org/sgp/crs/misc/R42135.pdf
US Census Bureau - New Manufacturing Orders
http://www.google.com/publicdata/explore?ds=d2p7r4l1574rh_&ctype=l&strail=false&bcs=d&nselm=h&met_y=orders&fdim_y=order_type:New&fdim_y=seasonality:Seasonally+adjusted&scale_y=lin&ind_y=false&rdim=country&idim=country:US&ifdim=country&tstart=697968000000&tend=1373698800000&ind=false&icfg&iconSize=0.5 http://www.google.com/publicdata/explore?ds=d2p7r4l1574rh_&c...
- mcphilip 13y agoIf you're impressed primarily by absolute dollar amounts of value added, then sure, U.S. manufacturing looks good on a bar chart comparison of G7 countries. However, the rest of the FAS report is stuffed full of metrics showing the rapid decline of the manufacturing sector.
- thrownaway2424 13y agoThere are a number of valid and interesting perspectives on manufacturing output. "No longer produces physical goods" is not one of them.