Despite concerns, US manufacturing output in 2009 was 45% higher than China’s at over $2 trillion USD. The US is the world’s leading producer, but employment in the industry has declined.
Despite fears to the contrary, the manufacturing industry in the US isn’t doing particularly badly. In fact, in 2009, the US had 45% higher manufacturing output than China at over $2 trillion US dollars (USD). The United States was also responsible for about one-fifth of global manufacturing output in 2009.
Further production information:
The average American manufacturing worker is responsible for approximately $180,000 USD in annual production. This is three times greater than the average annual output of American manufacturing workers in the 1970s.
The United States is the world’s leading producer, followed by Japan, Germany and China.
While the US manufacturing industry isn’t dying, it is declining in terms of employment. About a quarter of US workers were employed in manufacturing in the early 1990s, but in 2006, only about 10% of all employees in the US worked in manufacturing. This is not an isolated trend: Australia, Germany, the United Kingdom, France and Italy have all recorded similar declines.
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