USA: from industrial economy to paper
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The world economy is experiencing not the best times, and the US economy is no exception. How it has changed over the last decade, clearly tell the numbers, and the residents of States.
One of the bloggers complaining that almost everything is made in China, not in America, as it was before. Walking through the house, he saw the scattered pencils, and they are also made in China. “What a shame”, – he said. TVs and everything else are also produced in China.
This is the most vivid illustration of the transition of American economy from industrial to paper.
Since 2000, the United States has lost 5 million jobs in the manufacturing sector, despite population growth. Manufacturing in America is in decline, the economic infrastructure is crumbling, and large city, which was formerly a center of industry, are now at the lowest ebb. The United States consumes far more wealth than it produces, and the only way that this behavior can be – to take huge debts. But could a growing debt to underpin sustainable economic growth in the long run?
In 1960 24% of all American workers worked in manufacturing. Today the figure is only 8%.
The highest rates of job growth in America are currently seen among such jobs as nurses, personal assistants, cooks, waiters, sellers. No wonder the middle class is shrinking so fast. Too many cooks, waiters or sellers in supermarkets, so they can support the family income level of the middle class.
There is another interesting observation.The total number of civil servants in the United States exceeds the total number employed in the production of almost 10 million people.
Zerohedge
It is worth noting that civil servants are mostly well manifest themselves in the spreading of paper, telling other people what to do, but in most cases they really do nothing. But in order to have a sustainable economy, we need people who create value.
But while we do not see. On the contrary. Take reports from industrial giant Caterpillar Inc. Company announces new layoffs.
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