Wish our folks in charge would pay a little more attention

squatting dog

squatting dog

We don't have as far to go, as we've already been
Location
Arkansas, and also Florida
South Africa’s Foreign Minister Naledi Pandor announced this week that Saudia Arabia, United Arab Emirates, Egypt, Algeria, Argentina, Mexico, Nigeria, and other nations want to join BRICS Alliance. (Brazil, Russia, India and China).

This could become a real problem for the USA and the petro dollar and in fact our entire currency and economy which could end up in serious trouble since we no longer manufacture many things of substance or value and will therefore be at the mercy of other countries for our goods... many of whom are not our friends or allies. I can see mega inflation just up ahead if we don't get a handle on this right away.
 

squatting dog said:
South Africa’s Foreign Minister Naledi Pandor announced this week that Saudia Arabia, United Arab Emirates, Egypt, Algeria, Argentina, Mexico, Nigeria, and other nations want to join BRICS Alliance. (Brazil, Russia, India and China).

This could become a real problem for the USA and the petro dollar and in fact our entire currency and economy which could end up in serious trouble since we no longer manufacture many things of substance or value and will therefore be at the mercy of other countries for our goods... many of whom are not our friends or allies. I can see mega inflation just up ahead if we don't get a handle on this right away.
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As with most things, it is the apathy of the population that allow these things to happen. Most people complain, yes, but they do not take any steps to address the issues. They do not write to their local Politician to voice their displeasure.
The world let's things happen.
 
Perhaps a change of leadership will bring a change of attitude. America needs a leader who will put America's interests first, just as Great Britain does. Globalisation doesn't work. It leaves us vulnerable and dependant on other nations.
 

"we no longer manufacture many things of substance or value"

Why does the OP take the word of others that have open agendas when google is so close at hand?

GB has been doing so well since Brexit........LOL. And the new guy reversed course after Johnson disgraced himself.


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Grain man, Figures can be slippery but the OP is making the point that we are declining in our manufacturing and we are according to my Google search.... So, in 2018 we were still the largest economy in the world yet only 11.39% of our economy was tied to manufacturing. By 2019 that figure would slip to 10.94%. The number of workers employed also slipped from 12.8 million in 2018 to 12,182,000 manufacturing employees in 2020. I also don't imagine the 2020 pandemic helped things after that but I don't have the figures. However, I did google this... "Reflecting cyclical growth, leisure, and hospitality are expected to experience the fastest compound annual rate of change growth at 1.3% among all U.S. sectors from 2021-31, the BLS says. That amounts to more than 1.9 million projected jobs to be added during that period." So much for the future, so can you say, "would you like fries with that?" And IMO that was among his points.
 
Actually OP has not made a point he's just repeating something he "heard." Clearly in terms of value manufacturing has increased btwn The Great Recession and 2018 and likely is continuing on a upward trend especially at the new inflated prices. The fact that the manufacturing sector is not a bigger portion of our economy just reflects the diversity and strength in MANY other areas. And if people in other countries being paid $2/day can assemble brooms and ship them to US for less than we can build them so be it. The proverbial "America First AND ONLY" will never, nor should it ever work. (As an aside if we starve the poorer countries, their people will be at our borders in far greater numbers than they are now.)






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againstthegrain said:
Actually OP has not made a point he's just repeating something he "heard." Clearly in terms of value manufacturing has increased btwn The Great Recession and 2018 and likely is continuing on a upward trend especially at the new inflated prices. The fact that the manufacturing sector is not a bigger portion of our economy just reflects the diversity and strength in MANY other areas. And if people in other countries being paid $2/day can assemble brooms and ship them to US for less than we can build them so be it. The proverbial "America First AND ONLY" will never, nor should it ever work. (As an aside if we starve the poorer countries, their people will be at our borders in far greater numbers than they are now.)






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The size of a country’s manufacturing sector cannot be determined simply by adding up the value added of its manufacturers. If a domestic manufacturer uses inputs from its plants abroad, those inputs contain value added by the firm, but not domestically. Calculating total value added in manufacturing thus requires adjustments for imported parts and components incorporated into the
output of domestic factories, and also for domestic goods and services that were exported and used in another country to make products that were subsequently imported.
 
Then of course there's this.

Despite meaningful progress in standardization, countries define “manufacturing” in different ways. Some associate manufacturing with factory production, while others may label a self-employed artisan as a manufacturing worker. Some countries have sophisticated sampling systems to collect data about production and employment from firms and households, whereas others rely heavily on estimates drawn from macroeconomic models or collect data only from a non-random subset of enterprises. International comparisons of compensation data are especially difficult because of national differences in taxation and employee benefits. Complicating matters
further, the organizations that compile statistics obtained from national governments may adjust the raw data in different ways to improve compatibility, such that certain figures used to prepare this report may not be identical to those published by national statistical services.
Brings back the old adage... figure's lie and liar's figure.
 
squatting dog said:
Brings back the old adage... figure's lie and liar's figure.
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It's actually "figures never lie, but liars can figure."

As to the rest of that word salad.......you lost me. Just spend a little time understanding the charts and terms supplied (gross output does not equal the sum of the values of the companies themselves) or find some others that show what you're suggesting and we can discuss.
 
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