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by astrange 1243 days ago
US manufacturing output is up, though, just not jobs. That's generally good, just like it's good we aren't all subsistence farmers anymore. US unemployment is of course currently the lowest it's been in 50 years.

China got low-value-add final assembly work, and it's now starting to leave them as their wages have risen.

1 comments

Up relative to what?
Itself in the past measured in real dollars.
Looking at what time periods?
As long as there's Fred data, so 2005 [0].

[0]: https://en.wikipedia.org/wiki/Manufacturing_in_the_United_St...