Toro
Diamond Member
Remember him? There were 19.5 million people employed in manufacturing under President Carter. Today, there are 12.8 million. It stagnated under Reagan, Bush I and Clinton, then collapsed under Bush II.
And despite the booming economy, manufacturing job growth has been slow. Even under the pro-business President Trump, it has grown 1.1% per year, not much faster than the 1.0% under the similar time period for the not pro-business President Obama. And total employment in manufacturing is still lower than at any time since 1946.
All Employees: Manufacturing
In 1900, agriculture accounted for 45% of the jobs in America. Today, it accounts for 3%. But agricultural output something like is 20x higher. Something similar is happening with manufacturing.