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| Re: Long term political and economic impacts of the pandemic (1714440) | |||
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Re: Long term political and economic impacts of the pandemic |
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Posted by Spider-Pig on Mon Apr 6 11:44:29 2020, in response to Re: Long term political and economic impacts of the pandemic, posted by Charles G on Sun Apr 5 17:24:44 2020. As recently as the late 80's the US economy was 70% manufacturing and 30% service. That flipped around to 30/70 in the early 2000's and I'd guess is closer to 20/80 now. People are going to bang the drum for domestic production -- but domestic production isn't about paying 10% more, it's about paying 2, 3 or 4 times more. Are Americans ready to pay $25 for a t-shirt that costs $7 today?This is partly a myth. What has declined is employment in the manufacturing sector. |
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