The United States has experienced a significant decline in its global manufacturing share. Once a dominant force, the U.S. has seen its position as the world’s manufacturing powerhouse diminish. Statistics reveal a stark reality: the U.S. share of global manufacturing output has dropped by approximately 50% over recent decades. This decline highlights the challenges faced by the nation in maintaining its industrial prowess. The shift in manufacturing dominance underscores the need for strategic interventions to revitalize the sector. Understanding these statistics is crucial for any efforts aimed at restoring manufacturing capabilities within the U.S.
E.J. Antoni, Ph.D.
@RealEJAntoni
·
Feb 7 As expected, manufacturing jobs were doing much worse than previously estimated – the industry has shed just over 1% of its payrolls over the last 2 years, confirming what regional Fed surveys and PMIs have already been telling us this whole time:
BIGRICHBEAT$THE TOPICRICH ASHANTI!
@THETOPICisCOOL
·
Apr 9 https://vizard.ai/?via=clip-videos…
Turn your video into viral clips with AI instantly!America’s manufacturing crisis is alarming! In just one year, we lost 100k jobs & hit a $1.2 trillion trade deficit. Watch this eye-opening video for the full impact! #ManufacturingCrisis
Adam Johnston
@ConquestTheory
·
Apr 9 It’s all true.We have lost manufacturing, especially for critical goods such as microprocessors and pharmaceuticals, and not all is related to technology.Middle-class wages have also stagnated, especially compared to increased productivity, while the cost of living has risen.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
