A friend from the finance world wrote in about the various comments on the death of US manufacturing:
Remarkably, US manufacturing dwarfs everyone (and this doesn’t include things like agriculture, movies, utilities, etc.., where we dwarf the world).
Non manufacturing = real estate (yes, non-manufacturing), arts and entertainment, retail trade, finance and insurance, utilities (these are in order of their size).
Basically, manufacturing we make what the next two combined make (the next two = china and japan). Check out this link, granted the data is from 2004 (it shows that the US manufacturing sector is about 60% larger than any other country’s — Japan is second).
Honestly, US manufacturing is a f-ing beast. It’s how we won WWII. Our non-manufacturing, with movies/tv/entertainment, finance, and agriculture is huge.
Also, our percentage of gdp that is manufacturing is about 14%. That’s the same as (drumroll please), India. Yes, India.
Now, could the US do more? Of course, but American mentality is not just to be “first”, but it’s to be so freakishly in first place that everyone else is in awe.
Reports of its death are greatly exaggeratedPost + Comments (85)





