You’re using numbers from five years ago and you’re going to hassle me about not having accurate figures? What the fuck.
I'm sure fresh numbers are available, they're just unpublished.
We could do some educated guessing here - in the last 5 years China's economy grew at the rates of 8.6%, 3%, 5.4%, 5%, 5%, the US grew at 6.5%, 2.5%, 2.9%, 2.8%, 2.2%. We can extrapolate the manufacturing numbers based on that, which would give some advantage to the US because the US manufacturing lags the average, while the Chinese leads it.
The math gives us the current values for
World: $19.4 T, (%6.5,%3.4,3x%2.9)
China: $6.3 T - 32.5%,
US: $2.9 T - 15%.
Four. 2021 vs 2025. Unless you have numbers from 2026 from the future.
> and you’re going to hassle me about not having accurate figures?
Merely pointing out. The subjective interpretation of the experience is entirely on you.
> What the fuck.
Get more recent numbers that show I'm wrong and your 3 trillion & 1/5th of world total is right then.
World total: 17.6 trillion (https://data.worldbank.org/indicator/NV.IND.MANF.CD?location...) US: 2.961 trillion, 16.82% of world China: 4.82 trillion, 27.38% of world total
So you were very much closer to the 3 trillion figure (again, 2026 annualized data is not current, it's forecast). Still quite off from the 1/5th of total. About the same as the EU - 3.03 trillions for 2025 (https://www.macrotrends.net/global-metrics/countries/euu/eur...)
In terms of participation in world total the US has come down from 22.44% in 1997 to 16.82% in 2025 losing 5.38 percentage points or a loss of over 1/5th in less than 30 years.
I'd say there is some justification to claim a decline in US manufacturing.
Again thank you for engaging productively and providing up to date data. I feel like I should offer praise as I chastised you for cursing at me for using data 4 years out of date.
There’s a decline in the relative share, but that’s down to the rest of the world growing. Adjusted for inflation, 1997 was slightly below the current figure. That’s nothing to brag about, but it’s a far cry from the “we don’t make anything anymore” narrative I see so much.
Where it has declined substantially is employment. That peaked at almost 20 million at the end of the 70s and is now under 13 million.
> The idea that the US lost its manufacturing is not based in reality.
But I disagree with your claim that people are right in being extremely dismissive of losses in US manufacturing.
>> Absolutely people were extremely dismissive to anyone saying that we're losing the ability to make things in this country!
Interpreting that as a complete loss of manufacture capacity I agree with you, with the qualification that concerns of relative decline were justified since there was a definite decline in aggregate.
I have to say that overall I don't think economies and citizens of these economies should prefer certain economic activities over others. In principle I think specialization is a good thing. On the other hand, I do think that the US has committed some strategy mistakes in terms of how much manufacturing activity was moved out of the country and how dependent it has come to be on foreign supplies of, for instance, rare earths and advanced IC.
But that analysis is predicated on US strategic goals and geopolitical intent. The coming impasse over Taiwan with China is almost completely self imposed due to the prioritization of short term corporate profit over strategic goals.
But that is a different conversation altogether. I think data from the past 30 years show that alarmism over de-industrialization was overblown as you said AND that there has been nonetheless a significant decline in the previously absolutely dominant position of the US economy in global manufacturing. If that is good or bad, to whom or to what ends, is way outside the scope of internet forum messages.