U.S. predicts manufacturing will lose 550,000 jobs by 2022

[itfitzme]

The U.S. manufacturing sector — which has shed more than 5 million jobs since 2000 — will lose another 550,000 jobs by 2022, the Labor Department said Friday.

From The Detroit News: U.S. predicts manufacturing will lose 550,000 jobs by 2022 | The Detroit News

U.S. predicts manufacturing will lose 550,000 jobs by 2022 | The Detroit News

Either we must end up exporting very high priced goods to foreign markets awash with US dollars, or something has to give.

I know what comparative advantage is. Most services are not exportable. And, there is also absolute advantage.

This is the history of the trade imbalance.

And as a percentage of GDP

That is 3.5% of GDP per year, current. And, of course, it is cumulative.



That is $37 Trillion.

Chinese To Spend Billions On American Real Estate

The United States is the country of choice for China buyers. Canada and Australia come in next at No. 2 and No. 3 respectively.

Across the country, however, Chinese purchasers bought over $10 billion of U.S. real estate in 2011 and account for 9% of foreign U.S. house buyers, second only to Canadians, according to Juwai.com, a Chinese real estate website geared towards international home shoppers.

For instance, Chinese commercial real estate purchases in the U.S. totaled over $3 billion in 2012, much of it in California. The state is expected to see record investments by the Chinese in 2013, the Asia Society said. Two sizable deals took place this year already.

Chinese To Spend Billions On American Real Estate - Forbes

What am I missing?