...Tried to trace back the source of that graph.. I'm really skeptical ...
--and even though you failed to get the facts but you're what, not letting ignorance get in the way of fondly held opinions? In this information age the only cost of knowledge is the effort required to ask for it.
I did. I did make an effort you big double-posting ape..
Look at the 2.47PM post above. Even sleuthed out the Fed Reserve section that you pulled it from -- all by myself without your help.
BUT -- As I started looking at the breakdowns -- taking out food and energy and concentrating on the period from 1996 (since that's when the off-shoring craze started to matter) -- what I found was...
Consumer goods (durable and not) have been struggling to get back to 2000 or 2001 highs (as the plots in my previous post) -- AND
The absolute numbers they give for consumer electronics, computers, TV/Radio ect seem to indicate that they are considering FOREIGN manufactured goods with Domestic names on them. For instance, the absolute $ Vol for TV/Audio still shows about $1.4bill/yr. Now I know that's suspect since I've been to Best Buy in the past decade and MAYBE Bose is the only name that has appreciable domestic assembly.
And nowhere in their methods section -- do they really explain what is counted thoroughly other than energy and materials.
SO -- Is an APPLE product counted as Production Volume? That's the answer I search for.. GE toasters? Hagar slacks?
Without knowing that -- I'm not happy with just accepting all that "good news"... THen we can arm-wrestle over the wonders of all Americans just "servicing" each other..