PeakTrader.com

[administrator]

PeakTrader said...

Although, U.S. manufacturing lost 30% of its workforce over the past 10 years, the U.S. share of world manufacturing output has remained roughly constant at 20% (even with larger U.S. trade deficits, which boosts foreign manufacturing).

The National Association of Manufacturers (NAM)

•The United States is the world's largest manufacturing economy, producing 21 percent of global manufactured products. China is second at 15 percent and Japan is third at 12 percent.

•U.S. manufacturing produces $1.7 trillion of value each year, or 11.7 percent of U.S. GDP.

•Manufacturing supports an estimated 18.6 million jobs in the U.S.—about one in six private sector jobs...Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing.

•In 2009, the average U.S. manufacturing worker earned $74,447 annually, including pay and benefits. The average non-manufacturing worker earned $63,122 annually.

•U.S. manufacturers are the most productive workers in the world—twice as productive as workers in the next 10 leading manufacturing economies.

•U.S. manufacturers perform two-thirds of all R&D in the nation, driving more innovation than any other sector.

******

There's a detailed report:

The Facts About Modern Manufacturing - The Manufacturing Institute - 8th Edition

------

PeakTrader said...

People who believe health care is a right also believe in slavery.

It's like the right of a free haircut each month.

Well, good luck getting that free quality haircut each month.