Economics Thread


Most of this manufacturing is automated. Manufacturing jobs have stagnated and even decreased. The higher paying jobs went overseas.

"However, the reality is that the U.S. manufacturing sector is shrinking as a share of the national economy. According to value-added data from the Bureau of Economic Analysis, the manufacturing sector is not growing as fast as gross domestic product (GDP).

From 2012 to 2024, GDP grew by 34 percent, while the manufacturing sector grew by only 21 percent. Indeed, in 2012, manufacturing contributed 11.3 percent of GDP; by 2024, its share had fallen to just 10.2 percent."


Meanwhile, we've turned a dangerous adversary into the number one manufacturer in the world.
 
Most of this manufacturing is automated. Manufacturing jobs have stagnated and even decreased. The higher paying jobs went overseas.

"However, the reality is that the U.S. manufacturing sector is shrinking as a share of the national economy. According to value-added data from the Bureau of Economic Analysis, the manufacturing sector is not growing as fast as gross domestic product (GDP).

From 2012 to 2024, GDP grew by 34 percent, while the manufacturing sector grew by only 21 percent. Indeed, in 2012, manufacturing contributed 11.3 percent of GDP; by 2024, its share had fallen to just 10.2 percent."


Meanwhile, we've turned a dangerous adversary into the number one manufacturer in the world.
A long time acquaintance of mine actually shuttered the doors of his plant this year. My uncle worked there for years. He still had them doing inventory by graph paper. Only computers in the whole place were for owner and his son to dick around on and book hunts. They never did orders or anything other than with a pencil and calculator. Never put a salesman on the road to grow, nothing. Made a TON of money the old way and never changed a thing.

He could have cut staff in half with a few computers and hired a sales guy to grow, but just sat on his azz until he was told his plant was basically obsolete and he had some stock disappear. It was over.
 
Back
Top