is greatly exaggerated. U. S. manufacturers are producing more, making more money, and wages are higher than ever before. What U. S. manufacturing is not doing is creating lots more jobs. It’s doing more with less.
The U. S. remains the greatest manufacturing country in the world—the value of our manufactured goods in aggregate is higher than the value of China’s manufactured goods in aggregate. Will that remain the case? I have no idea. China certainly wants to be a bigger player in the manufacturing of high value goods, e.g. aerospace.
I wish more people understood this. Manufacturing is not dying in the U. S. What is dying is the industrial union. Union membership today is mostly composed of members of service unions, many consisting of government workers.
