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U.S. Manufacturing Base Far From Dead

My First Diary Entry!

The US Manucturing Base is far from dead. Looking at some historical numbers we see:

Country 1990 1995 2000 2005 2006 2007 2008
USA 1,041 1,289 1,543 1,624 1,712 1,756 1,831
China 145 300 484 734* 891* 1,106* 1,399**
Japan 810 1,219 1,034 979 927 923 1,045
Germany 438 517 392 571 608 711 767
Italy 240 226 206 295 302 345 381
United Kingdom 206 218 226 264 295 323 323
France 200 233 190 255 255 287 306
Russian Federation 120 64 45 124 157 206 256
Brazil 120 125 96 137 163 201 237
Korea 66 131 136 211 234 260 231
Spain 112 104 98 160 170 196 222
Mexico 62 67 133 154 175 182 197
Canada 92 100 129 168 182 197 195
India 51 61 69 122 141 177 188

Hat tip for this chart from Curious Cat Investment and Economics Blog at curiouscat.com where you can seek further detail on numbers. Chart Based on the latest UN Data, for global manufacturing, in billions of current US dollars. 

This chart gives an overview on the scale of US manufacturing compared to other of the worlds industrialized economies. The sheer magnitude of U.S. manufacturing prowess is good to keep in mind when we start whining about how the US industrial base has disappeared offshore; is shrinking so fast that we will soon be overtaken by China, Brazil and India; or that unions are destroying same.

If you were to look at the 2008 manufacturing  numbers per capita an even starker picture of how much each individual American produces emerges. From the World Fact Book 2008 we see:

USA Population estimate 2008: 301,139,967

China population estimate 2008: 1,321,851,888

Brazil population estimate 2008: 190,010,647

India population estimate 2008: 1,129,866,154

Lets round the population number to the nearest million and then look at manufacturing per capita, if I did my math correctly……we see:

USA per capita manufacturing dollar value: $6,083

China per capita manufacturing dollar value: $1,058

Brazil per capita manufacturing dollar value: $989

India per capita manufacturing dollar value: $210

The United States Manufacturing base is the largest in the world by any measure and American workers are the still the most productive in the world, and should remain so for a long time to come! Let’s us keep these numbers in mind, and in proper perspective, when we whine about losing all those jobs to offshore manufacturing or unions, which in 2006 were only 11.6% of the manufacturing workforce, destroying our manufacturing base, or that ANY other country will overtake the US in manufacturing per capita anytime soon.

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