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abe_m | 6 months ago

It seems a bit of a tautology to ask the survivors if things are OK. Of course is is OK for them, they are in an industry segment that survived the trend of moving everything possible to China. If you go ask where the factories were shutdown, you'll find different responses.

The dip in number of manufacturing employees corresponds time-wise to China joining WTO, and the massive CEO hype of shutting down US factories and moving them to China, rather than super-duper automation hitting the scene and automating the factories in place.

I have a suspicion that the displayed manufacturing output chart is in dollars, not amount of stuff, and that is likely bumped up by highly automated IC/chip manufacturing that is high cost/value, but low tonnage work.

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