Comment
Comment by InclinedPlane
The "American decline in manufacturing" is a myth. American manufacturing output has been on a continued uptick, the peak of output for the US was... 2006, and will likely exceed that shortly as the economy recovers. The US contributes fully 1/5th of the world's entire manufacturing output. What has changed is that US manufacturing has grown much more efficient, so there are far fewer manufacturing jobs than there used to be. Also, the US has grown much richer so we continue to import more and more goods.