For years, politicians have routinely stated that U.S. manufacturing is dead. This is one of the reasons why Donald Trump became president: he promised to bring back American jobs by targeting the very nations that ostensibly stole those jobs in the first place.
But is U.S. manufacturing really as dead as the political and punditry classes claim? Not quite.
Using Bureau of Economic Analysis (BEA) data, the American Enterprise Institute (AEI) created this chart to see just how big the nation’s manufacturing.
Essentially, with the same or fewer number of workers, U.S. manufacturing factories are producing at record levels, topping $2 trillion and recording the same amount of output as several nations combined, like India, the United Kingdom, and South Korea.
No, President Trump did not make manufacturing great again. It has always been great thanks to technological advancements.
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