The talk of U.S. manufacturing decline is wrong but the media persists in its repetition. The Federal Reserve estimated that the value of U.S. manufacturing output was about $3.7 trillion in 2008.
Today's worker in manufacturing is productive, so much so that the value of his average output is three times higher than it was in 1980 and twice as high as it was in 1990. That means more can be produced with fewer workers. So there has been a drop in resulting in manufacturing jobs, a drop in about half from 1979.
Still, manufacturing productivity makes it a major factor and the U.S. is a major producer of essential services. (See the Earl J Weinreb NewsHole® comments.)
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