“We Don’t Make Anything Anymore.” Really?

One of the biggest misconceptions about the U.S. economy is that we “don’t make anything anymore.” Not only is it not true, it’s very not true. The fact is that the United States is a manufacturing superpower. In the last 25 years, industrial production is up by more than 70%.

The difference, of course, is that far fewer people work in that sector. But that’s a big leap to say “we don’t make anything anymore.” We do. We’re just a lot more efficient.

Posted by on February 16th, 2012 at 11:20 am

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