[central_va]

Here are some De-industrialization Facts:

1. The United States has lost more than 100,000 factories since 2000. Seventy-five percent of those factories employed in excess of five hundred people when they were still in operation.
2. Dell Inc., one of the U.S.’s largest manufacturers of computers, announced plans to dramatically expand its operations in Red China with an investment of over $100 billion over the next decade.
3. Dell also announced the closing of its last large U.S. manufacturing facility in Winston-Salem , North Carolina in November. Nine hundred jobs will be lost.
4. In 2008, 1.2 billion cell phones were sold worldwide. There are now NO cell phones produced in the U.S.
5. The latest study conducted by the Economic Policy Institute, the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
6. As of the end of July 2010, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.
7. The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
8. According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.
9. In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
10. Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul , Minnesota . Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford’s new “global” manufacturing strategy.
11. As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
12. In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.
13. The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
14. In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
15. Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
16. Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.
17. The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.

18. The U.S. Census Bureau says that 53 million Americans now live in poverty and according to them that is the highest number of poor Americans in the years that records have been kept.

[central_va]

It it go time for the USA. We will not go quietly into the night.

[Wolfie]

Beyond comprehension? Hardly. The people at the top decided they wanted it all, and took it.

[FreedomNotSafety]

Manufacturing output is nearly at a record high but it manufacturing jobs continue to decrease.

Voluntary unemployment is being fueled by government handouts and regulations like Obama care.

America is de-industrializing only in that it is not hiring people. The US government is the cause of that problem. I doubt that more laws by the same government will fix it.

If you waived a magic wand and sock manufacturing was forced back into the US there would be very few jobs added. Of course those few jobs would be high paying union jobs good for some more Dem votes.

[Pelham]

ping

[CodeToad]

IF industry and manufacturing is good for all the other countries, then why isn’t it good for the USA??