Would it surprise you to learn that US manufacturing output looks like this?
Would it surprise you to learn that US manufacturing output looks like this?
If we can't agree that manufacturing started to move out of the US decades ago, was accelerated by NAFTA, and that we are a consumer of goods made elsewhere (more than others are a consumer of goods made here), then this conversation isn't going to go well.
Not only do we manufacture things, we manufacture much, much more than we used to.
See http://unstats.un.org/unsd/snaama/dnllist.asp for data.
There's nuances here to be explored in what exactly is being manufactured, and there's some other interesting ways to extract bad tidbits of news out of that data, but it is certainly the case that the data does not justify running around shouting "DOOM! DOOM!" about manufacturing qua manufacturing in the US.
Personally I'm upbeat about the future. As robots and automation continue marching forward, the US goes from having a major labor cost disadvantage relative to poor countries to having a significant educational advantage. (Not a unique advantage, Europe and Japan also have good stories here, but China is not as well off on this time frame per capita.) I don't expect the broad direction of that curve to change anytime soon.
In summary US manufacturing output is increasing and US manufacturing output exceeds that of China by about $100B, but only employs about a tenth as many workers as China.