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A comment on The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994). Parent comment
People normally show a slowly increasing graph to claim that the US manufactures more than ever- but it's primarily because of hedonic adjustments for Intel chips. If you take that out it falls off a cliff in the 2000s during the China Shock.
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People normally show a slowly increasing graph to claim that the US manufactures more than ever- but it's primarily because of hedonic adjustments for Intel chips. If you take that out it falls off a cliff in the 2000s during the China Shock.