Today's Buggy Topic
The "surprise" would be aimed at the general public, which thinks the US economy has so de-industrialized that it no longer produces much of anything in the way of "real goods" except for agriculture. In fact, as you'll see if you click here --- a link to a data-filled buggy commentary left at Economist's View, an admirable economic blog ---- US manufacturers produce $2.50 worth of goods for every $1.00 that Chinese manufacturers, usually working in multinational corporate factories, happen to produce. On the other hand, as you'll also see, US manufacturing employment has declined from about 35% of total US employment in the late 1960s to around 12% today . . . a trend, though, at work since the end of the sixties found as well in the UK, France, Germany, and Japan.