Thursday, February 10, 2011

Cultural Offering's Take on Manufacturing

Cultural Offering excerpted a Boston Globe column by Jeff Jacoby on manufacturing.

It's a great find:

"'The decline, demise, and death of America’s manufacturing sector has been greatly exaggerated,’ says economist Mark Perry, a visiting scholar at the American Enterprise Institute in Washington. 'America still makes a ton of stuff, and we make more of it now than ever before in history.’ In fact, Americans manufactured more goods in 2009 than the Japanese, Germans, British, and Italians — combined."

American manufacturing output hits a new high almost every year. US industries are powerhouses of production: Measured in constant dollars, America’s manufacturing output today is more than double what it was in the early 1970s."

Manufacturing is alive.

1 comment:

  1. Here's a graph that shows the U.S. historical output. Certainly proof Capitalism works.

    It does leave one to question many things that it doesn't tell us. How much of it is military production bought on borrowed money? How much as automation played a role?