There’s more manufacturing than you think.....we’ve lost a lot, but we’ve added even more. This is one of the big lies...people are focusing on certain shrinking industries and ignoring the successes.....and there are many. The biggest German auto plant is in SC. The biggest Japanese engine production plant is in Ohio.
Low energy costs propel all of this.
Like everything in economics, EVERYTHING - yes, EVERYTHING - it’s dynamic and there are winners and losers. In energy where a few per cent of the people participate but 100% consume, the winners outnumber the losers big time.
Our economic crash in 08 had it’s genesis in the 2005 oil / gas price shock.
The days of USA being a manufacturing economy are in the past.
Current manufacturing is a far cry from the past.