This is a common misperception, because manufacturing has declined as a percentage of the employment pool, but the U.S. is still a major manufacturer, that manufactures more value than ever before. We just use way more robots than people to do it, and if it is cheap crap we let cheap labor overseas turn it out.
The U.S. is the second-largest exporter in the world, with an estimated $2.12 trillion in exports for 2020.
“The U.S. is the second-largest exporter in the world, with an estimated $2.12 trillion in exports for 2020.”
That’s great except the USA is the number one importer by far, with a trillion dollar trade deficit per year.
“U.S. is still a major manufacturer, that manufactures more value than ever before”
COVID vaccine 2020 - $20
COVID vaccine 2023 - $120