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by dpark
3565 days ago
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> The Wikipedia article shows US production dropping 30% from 1967 to 2015. It's a loss, yes, but 70% of the production is still here. Fair, I plugged my number in upside down. The production 50 years ago was ~46% higher than today, or today's is ~31% lower. > What's changed is that China and other countries are producing much more now, so as a percentage of world-wide production the US has dropped. But that'd be true even if we were producing more domestic steel than before. Yes, but we've also dropped 30% of our own production. When our absolute production is down this much and our overall share of production has plummeted, I think it's fair to say the industry has largely left. The population is also up by over 50% since 1967, so per capita our steel production has basically been cut in half. In comparison, the absolute number of consumer electronics that America produces might actually be higher than 50 years ago, but as a share of the market, production has plummeted, to the point that everyone would likely agree that consumer electronics manufacturing has largely left the US. |
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If we're producing less steel than we used to, but we're still producing some, then we still have the capability to expand. Production is down and if it continues we'll eventually lose the ability to produce our own steel, but we're not there yet.
For consumer electronics, I disagree that "everyone would likely agree that consumer electronics manufacturing has largely left the US", especially if our production of consumer electronics is up. (Is it rising as well?) We may not be the leader anymore, but that's very different from "largely left".
I don't believe that everything is fine with US manufacturing; I think it's a problem that there are many things we still need which we don't make anymore. But there are many things that we do make, even when other countries make them too, so it's not all doom and gloom.