Made in the USA
"There’s just one problem with all the gloom and doom about American manufacturing. It’s wrong.
A vast amount of “stuff’’ is still made in the USA, albeit not the inexpensive consumer goods that fill the shelves in Target or Walgreens. American factories make fighter jets and air conditioners, automobiles and pharmaceuticals, industrial lathes and semiconductors. Not the sort of things on your weekly shopping list? Maybe not. But that doesn’t change economic reality. They may have “closed down the textile mill across the railroad tracks.’’ But America’s manufacturing glory is far from a thing of the past."
Update: The chart above was prepared using the United Nations data on international GDP, including a breakout for manufacturing output, on an annual basis for most countries in the world from 1970-2009. For most advanced countries, manufacturing data are provided for both: a) manufacturing, and b) total manufacturing including mining and utilities. Total manufacturing would be a measure consistent with the Federal Reserve's (and other countries') measure of monthly "industrial production," which is for total manufacturing output including mining and manufacturing. For China, the only measure available from the UN is for total manufacturing, including mining and utilities. Therefore, the only way to compare manufacturing output in China to the U.S. and other countries using the UN data is to use the measure of total manufacturing (including mining and utilities).