Peak manufacturing levels in the US hit its high in 1979 with about 20 million employed in production related businesses. Today there are roughly 15 million American workers engaged in manufaturing jobs. Even though the US has stayed somewhat competitive against low wage countries through innovation, its quite obvious we aren't the manufacturing giant we once were. In the early 1980`s the US became a nation of service workers. 20 yeasr ago GM was the largest employer in the US. Today the largest employer is a service company called, WalMart. Service related jobs businesses have outpaced production manufacturing jobs. Making the US a service oriented country in the 21st century.
Please clarify, we manufactured more in 1979 than today? Or we employed more in manufacturing in 1979 but we manufactured less?
Even though the US has stayed somewhat competitive against low wage countries through innovation, its quite obvious we aren't the manufacturing giant we once were.
How much in $$$ terms do we need to manufacture to be a giant again?
In the early 1980`s the US became a nation of service workers.
If we only had 20 million in manufacturing in 1979, we were already a nation of service workers. Or are you claiming we used to have 50% of all workers in manufacturing? 50% of GDP from manufacturing?
Service related jobs businesses have outpaced production manufacturing jobs. Making the US a service oriented country in the 21st century.
And yet we employ more people, make more money, increase net worth, manufacture more and increase GDP every year. So why are you complaining?