Re:America Underestimates the Difficulty of Bringing Manufac...
by cutemonster on Tuesday April 15, 2025 @03:43PM
(#43697504)
This one also bad, stagnant last 15 years:
https://fred.stlouisfed.org/series/OPHMFG
Labor Productivity (Output per Hour) for All Workers
Re:America Underestimates the Difficulty of Bringing Manufac...
by like_any_other on Wednesday April 16, 2025 @02:35PM
(#43708830)
I didn't notice it before, but these are not per capita numbers. In 2000, the US population was 281 million, and in 2024 it was 340 million [1]. So per capita, manufacturing went from 97.2 in 2000, to 81.5 in 2024.
[1] https://en.wikipedia.org/wiki/Demographics_of_the_United_Sta...
I'm looking at the first chart, "Manufacturing Sector: Real Sectoral Output for All Workers" [1]. It grew until Q2 2000, when it was at 97.2. In Q4 2024 it was at 98.6. And let's not ignore how almost all leading semiconductor manufacturing (which are in and required for nearly everything) has moved to East Asia.
[1] https://fred.stlouisfed.org/series/OUTMS