My understanding is that there have been ups and downs, but that our current output is basically equal to the all time high. So, the reduction in the manufacturing workforce has been totally offset by efficiency and automation. The US also has, by far, the largest “value added per worker” in the world. Seven times higher than China, for example.
My understanding is that there have been ups and downs, but that our current output is basically equal to the all time high. So, the reduction in the manufacturing workforce has been totally offset by efficiency and automation. The US also has, by far, the largest “value added per worker” in the world. Seven times higher than China, for example.
My understanding is that there have been ups and downs, but that our current output is basically equal to the all time high. So, the reduction in the manufacturing workforce has been totally offset by efficiency and automation. The US also has, by far, the largest “value added per worker” in the world. Seven times higher than China, for example.