Re:Tariffs China imposes on every country
by jeffbax on Friday July 20, 2018 @04:26PM
(#17578640)
Manufacturing output has grown the past many years in the USA - higher productivity technology with fewer workers. It's untrue that manufacturing as an industry is in decline, it's just that the low end has while higher end has risen as have the required skills
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Some people say that that was an artifact of quality adjustments on computer hardware, and that without the adjustments (or computer hardware) we're actually in a decline. [0] The chart of "Manufacturing" vs "Manufacturing, less computers [1] was pretty striking.
If you sold 1GB of RAM for $10 two years ago, and you sold 2GB of RAM for $10 this year, that's the normal state of the computer market. I don't think it's really equivalent to selling twice as many tons of steel or wheat for half the price.
0: https://qz.com/1269172/the-epic-mistake-about-manufacturing-... 1: https://www.theatlas.com/charts/BJh4B5_TG