Rush is not denying that manufacturing jobs are disappearing. What he is saying is that the amount of total manufacturing has stayed the same, because manufacturing with high labor costs (like textiles) is being replaced by low labor cost manufacturing.
“What he is saying is that the amount of total manufacturing has stayed the same, because manufacturing with high labor costs (like textiles) is being replaced by low labor cost manufacturing.”
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A whole lot of boarded up textile mills in the south that have been replaced with nothing.....
BS. Rush deliberately "couldn't find the WSJ" article that supported his claim. It's about dollars. The whole article was based on the value of manufactured goods in the U.S. vs the rest of the world.
When China makes coffee pots for $5 and the U.S. makes them for $20 that means, in his eyes, we make more.
“What he is saying is that the amount of total manufacturing has stayed the same”
Only in dollar amounts and only when compared to decades ago. The number of items, the tonnage, and percentage of GDP has been shrinking year after year. They also play loose with the numbers in that Apple will say the iPhone is an American product and take credit for the entire amount of sales as an Amrican produced item when clearly the majority of the phone is produced outside the US.