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SportTrac Discussion
General Sport Trac Discussion
Have manufacturing jobs have vanished to China, Mexico and South Korea?
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<blockquote data-quote="Kevin Lang" data-source="post: 963625" data-attributes="member: 65699"><p>Richard L, I read the article as saying that on equal comparisons, we are beating France.</p><p></p><p></p><p></p><p>The article says that our manufacturing economy alone looses to France's entire economy. However, our entire economy beats France's by far.</p><p></p><p></p><p></p><p>From that, I infer that our manufacturing capabilities beat France's, that if we were to compare US manufacturing $ to France's manufacturing $, we'd win.</p><p></p><p></p><p></p><p>Something the article <em>doesn't</em> mention explicitly, is that only approximately 1/6th of our GDP comes from manufacturing goods.</p><p></p><p></p><p></p><p>The US GDP (still the best single nation in the world) was 14,657,800 million USD. The article says that our manufacturing economy would be below France's whole economy, yet above the UK's & Brazil. France's GDP was 2,582,527 million USD. The GDP of the UK (since they're ahead of Brazil) was 2,247,455 million USD.</p><p></p><p></p><p></p><p>So the US manufacturing economy's GDP would be between 2.582 & 2.247 million-million USD. Let's go with halfway between, or 2.414 million-million. That's ~16.4% of our economy. </p><p></p><p></p><p></p><p>So while we may still have the best manufacturing economy in the world, the US economy as a whole isn't dependent upon manufacturing--if we lost the GDP of the manufacturing economy, we'd still be FAR ahead of China's GDP.</p><p></p><p></p><p></p><p>I find that a bit sad, though not as sad as how poorly Brazil is doing. Brazil is a resource-rich country with cheap plentiful labor, and Brazil is larger than the 48 contiguous US states. Nor is it as sad as the fact that the CAD is worth more than the USD, despite the fact that both the CIA & the IMF rank the US economy as #1 and the Canadian economy as #9. Our GDP is over <em>nine times greater</em> than Canada's, yet their Loonie is worth more than good ole George :cry: That makes it very hard for me to actually go to Canada this year.</p><p></p><p></p><p></p><p>Edit:Link below to the wiki synopsis page I used for my figures. All figures from the IMF data, unless otherwise stated.</p></blockquote><p></p>
[QUOTE="Kevin Lang, post: 963625, member: 65699"] Richard L, I read the article as saying that on equal comparisons, we are beating France. The article says that our manufacturing economy alone looses to France's entire economy. However, our entire economy beats France's by far. From that, I infer that our manufacturing capabilities beat France's, that if we were to compare US manufacturing $ to France's manufacturing $, we'd win. Something the article [i]doesn't[/i] mention explicitly, is that only approximately 1/6th of our GDP comes from manufacturing goods. The US GDP (still the best single nation in the world) was 14,657,800 million USD. The article says that our manufacturing economy would be below France's whole economy, yet above the UK's & Brazil. France's GDP was 2,582,527 million USD. The GDP of the UK (since they're ahead of Brazil) was 2,247,455 million USD. So the US manufacturing economy's GDP would be between 2.582 & 2.247 million-million USD. Let's go with halfway between, or 2.414 million-million. That's ~16.4% of our economy. So while we may still have the best manufacturing economy in the world, the US economy as a whole isn't dependent upon manufacturing--if we lost the GDP of the manufacturing economy, we'd still be FAR ahead of China's GDP. I find that a bit sad, though not as sad as how poorly Brazil is doing. Brazil is a resource-rich country with cheap plentiful labor, and Brazil is larger than the 48 contiguous US states. Nor is it as sad as the fact that the CAD is worth more than the USD, despite the fact that both the CIA & the IMF rank the US economy as #1 and the Canadian economy as #9. Our GDP is over [i]nine times greater[/i] than Canada's, yet their Loonie is worth more than good ole George :cry: That makes it very hard for me to actually go to Canada this year. Edit:Link below to the wiki synopsis page I used for my figures. All figures from the IMF data, unless otherwise stated. [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Have manufacturing jobs have vanished to China, Mexico and South Korea?
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