Re:Apple hit with over 1.8B euro EU antitrust fine in Spotif...
by kaashif on Monday March 04, 2024 @09:12AM
(#39590711)
> After killing its manufacturing industry
Manufacturing's share of US real GDP has remained relatively stable over time: https://www.stlouisfed.org/on-the-economy/2017/april/us-manu...
i.e. the quantities of goods produced is growing about as fast as the economy. The reason manufacturing is dropping as a percentage of nominal GDP is that inflation for manufactured goods has been lower than for other goods.
The monetary proportion that big-tech contributes to US GDP. It would be silly to assume the US would ever kneecap it's most profitabile and rising industry. After killing its manufacturing industry, tech and finance is all ti has.