Some Cheering Perspective
I’m not saying that we’re imagining outsourcing, automation, and other economic factors, but it’s nice to read such things as this from time to time:
It may seem like the country that used to make everything is on the brink of making nothing.
In January, 207,000 U.S. manufacturing jobs vanished in the largest one-month drop since October 1982. Factory activity is hovering at a 28-year low. Even before the recession, plants were hemorrhaging work to foreign competitors with cheap labor. And some companies were moving production overseas.
But manufacturing in the United States isn’t dead or even dying. It’s moving upscale, following the biggest profits, and becoming more efficient, just like Henry Ford did when he created the assembly line to make the Model T.
The U.S. by far remains the world’s leading manufacturer by value of goods produced. It hit a record $1.6 trillion in 2007 — nearly double the $811 billion in 1987. For every $1 of value produced in China’s factories, America generates $2.50.
We must continue to strive to better educate ourselves and find innovative ways in which to advance our economy (neither of which is a goal facilitated by an interventionist, nanny-state government). Rhode Island, being worse-off than the nation overall, would be a wonderful testing ground for a new paradigm of freedom and self-reliance.
(I know, I know. My boss is on vacation, and it’s possible I’m letting the increased liberty go to my head.)