Re:Why Are Politicians So Obsessed with Manufacturing?
by mywittyname on Wednesday October 19, 2016 @05:16PM
(#12747745)
I just saw this. Manufacturing is a much smaller segment of USA economy though, so per-capita is a bad metric.
Maybe it would be okay if you weighted it based on % of the economy, in which case the USA would be $6355 / 0.12 = $54,441 vs 7792 / 0.18 = $43,289.
So, weighted GPD per capita, the USA comes out way ahead. And actually, the weighted GDP/cap in manufacturing for the USA is higher than the average GPD/cap of the economy overall, which is just $53,041.
Maybe it would be okay if you weighted it based on % of the economy, in which case the USA would be $6355 / 0.12 = $54,441 vs 7792 / 0.18 = $43,289.
So, weighted GPD per capita, the USA comes out way ahead. And actually, the weighted GDP/cap in manufacturing for the USA is higher than the average GPD/cap of the economy overall, which is just $53,041.