I Knew I was Right

A widely held public conception is that America's manufacturing industries are in decline and have been for decades. I have always believed this to be incorrect and here's the evidence. In fact, US manufacturing has doubled in real dollars since 1975.

What's happening is that manufacturing is becoming significantly more productive over time and it is declining as a percentage of the total US economy.

My hat's off to all of us who work in manufacturing. We're doing a damn good job, if I say so myself.