1987, literally the peak cold war military spending, is an interesting year for comparison. Much of that high tech manufacturing (and employment) was underwritten by the taxpayers through the Pentagon, and that military tech eventually made its way into the civilian market.
Very soon after the US took a decade-long "procurement holiday", and we lost an enormous amount of manufacturing expertise.
Can we bring those jobs back? Sure, with a lot of tax money. Do we want to? I do - the value of "service economy" jobs is in free fall as companies replace white collar employees with LLMs.
Very soon after the US took a decade-long "procurement holiday", and we lost an enormous amount of manufacturing expertise.
Can we bring those jobs back? Sure, with a lot of tax money. Do we want to? I do - the value of "service economy" jobs is in free fall as companies replace white collar employees with LLMs.