Is Manufacturing Dead in America?
Quick--answer these two questions: 1) What country is the #1 manufacturer in the world? (HINT: I got this answer wrong.) 2) Has the manufacturing output of the USA increased or decreased in the last 30 years? (I got this wrong too.) David L. Bahnsen, Senior Vice President of The Bahnsen Group at Morgan Stanley Smith Barney, was recently asked about manufacturing in the US. Here is his reply. What can you tell us about the state of manufacturing in the United States? 9 out of 10 times when I ask people if manufacturing is dead in America, they tell me that it is. So I suppose it will be a shock to people to find out that the United States is STILL the #1 manufacturer in the world - producing 21% of all goods (4). That percentage is the same that it was thirty years ago. But here is what I really want to share: There are 23% less employees in the manufacturing sector here in the states than there were thirty years ago, YET manufacturing output is 2.5 times higher than it was thirty y...
