Re:Fighting to Replace America’s Water Pipes
by maxerickson on Friday December 22, 2017 @08:55AM
(#15987415)
It's boldfaced:
Surprising Fact No. 2: Manufacturing output is a near a record high.
The decline of the global share of output is true, but it is sort of inevitable that ~5% of the global population will not maintain a vast share of global output. I'm also not terribly interested in arguing about whether Our ability to produce material goods really is greater than at any time in history. was a valid response to the post I responded too.
That marketwatch article is somewhat skewed because it only talks about the US domestically versus how it does relative to the world.
How about you take a stab at looking through this.
https://fas.org/sgp/crs/misc/R42135.pdf page 5
>Congressional Research Service: U.S. Manufacturing in International Perspective
>The United States’ share of global manufacturing activity declined from 28% in 2002, following the end of the 2001 U.S. recession, to 16.5% in 2011. Since then,the U.S. share has risen to 18.6%, the largest share since 2009. These estimates are based on the value of each country’s manufacturing in U.S. dollars; part of the decline in the U.S. share was due to a 23% decline in the value of the dollar between 2002 and 2011, and part of the rise since 2011 is attributable to a stronger dollar
>The U.S. share of global manufacturing value added has declined over time, from 29% in the early 1980s to 18.6% in 2015 (see Figure 2). Similarly, Japan’s share of global manufacturing value added has contracted from a peak of 21.5% in 1995 to around 7% now, and Germany’s has fallen from 10.4% (in 1992, just after the incorporation of the former German Democratic Republic into the Federal Republic of Germany) to 5.9%.