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To: Toddsterpatriot
Nice chart. Shows a 50% gain over your '91-to'05 time frame of 15 years. I.e., from a base of 2,000 it increased by a thousand to 3,000 over the 15 years. Read through the fine print. Fails to adjust for inflation.

Same site notes this about inflation:

Going from aaproximately 110 to 170 ( or a 60 point rise) over the same time frame. This represents an approximate 54% increase in producer price increases. This means that actual production growth was essentially static...indeed, perhaps negative...and increasingly so over the '02 to '05 time frame. 15 years of static result. Not good. So much for phoney free trade.

774 posted on 01/07/2006 6:13:53 AM PST by Paul Ross (My idea of American policy toward the Soviet Union is simple...It is this, 'We win and they lose.')
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To: Paul Ross
This means that actual production growth was essentially static...indeed, perhaps negative...and increasingly so over the '02 to '05 time frame. 15 years of static result. Not good. So much for phoney free trade.

So, for the last 15 years, despite all the trade agreements and all the whining about American production being destroyed, we still produce the same amount of goods?

With about 3.5 million fewer (20% less) workers? What was your point again?

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Data extracted on: January 7, 2006 (9:37:00 AM)
Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Series Id:     CES3000000001
Seasonally Adjusted
Super Sector:  Manufacturing
Industry:      Manufacturing
NAICS Code:    N/A
Data Type:     ALL EMPLOYEES, THOUSANDS
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1990 17796 17896 17870 17845 17796 17774 17704 17647 17610 17574 17428 17395  
1991 17329 17214 17141 17093 17069 17042 17016 17025 17011 16997 16960 16916  
1992 16839 16831 16805 16830 16834 16825 16822 16782 16762 16750 16758 16768  
1993 16790 16806 16795 16771 16766 16742 16742 16741 16768 16778 16800 16815  
1994 16853 16862 16896 16932 16962 17011 17027 17082 17114 17144 17187 17218  
1995 17259 17264 17263 17278 17260 17250 17218 17241 17246 17215 17207 17230  
1996 17206 17229 17192 17204 17221 17226 17222 17255 17253 17268 17276 17285  
1997 17298 17316 17339 17351 17362 17387 17387 17451 17466 17513 17555 17587  
1998 17621 17627 17637 17636 17624 17607 17421 17564 17558 17512 17466 17449  
1999 17426 17394 17368 17342 17333 17294 17319 17288 17281 17275 17283 17277  
2000 17285 17285 17302 17299 17276 17297 17325 17287 17232 17215 17204 17181  
2001 17101 17030 16936 16801 16658 16511 16386 16240 16123 15972 15827 15710  
2002 15584 15514 15441 15391 15336 15298 15259 15179 15128 15058 14993 14911  
2003 14854 14780 14726 14615 14555 14494 14410 14373 14348 14328 14315 14297  
2004 14283 14281 14291 14323 14347 14344 14341 14366 14352 14344 14337 14334  
2005 14307 14321 14315 14300 14301 14276 14270 14260 14244 14257 14265(p) 14283(p)  
p : preliminary

 

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776 posted on 01/07/2006 6:40:30 AM PST by Toddsterpatriot (How much for the large slurpee?)
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