The sad fact is that America is no longer a country that makes things, and as a result we no longer find ourselves in a position to employ people in positions that are actually worth a damn.
This is incorrect. We make plenty of things, more than in most historical periods.
This is incorrect. We make plenty of things, more than in most historical periods.
http://research.stlouisfed.org/fred2/series/INDPRO
We just do it more efficiently, resulting in fewer manufacturing jobs.
http://research.stlouisfed.org/fred2/series/MANEMP