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A farewell to U.S. factories

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 26 Apr 12 10:10 AM | 29 view(s)
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Manufacturing employment as a fraction of total employment has been declining for the past half century in the United States and the great majority of other developed countries. A 1968 book about developments in the American economy by Victor Fuchs was already entitled “The Service Economy.”

Although the absolute number of jobs in American manufacturing was rather constant at about 17 million from 1969 to 2002, manufacturing’s share of jobs continued to decline from about 28% in 1962 to only 9% in 2011.

http://finance.yahoo.com/news/farewell-u-factories-021022422.html




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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