We produce more services and we spend more via government PER CAPITA. We produce far less real product PER CAPITA. As a result, we export less and import more.
All we need is a few more "free" trade agreements and soon we won't produce anything at all. "Made in America" is going the way of the Dodo.
Question for you: Would you say John McCain was correct when he told an audience during his campaign in 2008 that "those jobs aren't coming back?"
So, in other words, 80% of a baseball is better than 50% of a basketball . . . when complaining about size.
What about as a percentage of GDP? During our heyday compared to now?