Comment by kelipso
17 days ago
Do people actually believe this? Maybe industrial output according to some cooked up numbers or specific industries.
17 days ago
Do people actually believe this? Maybe industrial output according to some cooked up numbers or specific industries.
Yes. People are very good at rationalizing self-serving beliefs. Here's how the numbers were cooked:
https://qz.com/1269172/the-epic-mistake-about-manufacturing-...
Interesting, so basically no growth since 2007 if you exclude computers, even with increased productivity. And the drop in employment is insane and it's no wonder that there is a huge political movement with fixing that as a pillar. Not even to mention regional problems that have been going on longer in the Rust Belt. Yeah I find it pretty disgusting when workers in service based industries like here have no sympathy for the workers in these industries.
What made-up numbers are you using to pretend it's not true?
I'm not the one making unbelievable statements. Were you one of those people who said there was no inflation at all until the last possible moment?
Here, US manufacturing output is up 50% since 2010: https://www.macrotrends.net/global-metrics/countries/USA/uni...
That it's relative share in GDP is down during that time means that other sectors were growing even faster (think Google, Netflix and so on, so services instead of things). That the service sector gains in relative importance is actually a sign of an advanced economy, every modern economy looks like that, not just the US.
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So provide any measure by which US manufacturing output has declined. Good luck!
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