CHART OF THE DAY: The Amazing US Manufacturing Worker

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Think manufacturing in the US is dead? Ha! While the number of manufacturing jobs in the US has indeed fallen, it’s coincided with a boom in manufacturing productivity. Check out GDP on a per-employee basis — it has soared as the industry has moved up the food chain. What’s disappearing though is low end, low-wage work, which is not surprising given our advanced economy.

 

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