5 ms·
Addition the inflation context is great and does indeed make it seem less high. I think OP was mostly saying that manufacturing hasn't decreased, which is what
by andruby 3y ago
Addition the inflation context is great and does indeed make it seem less high. I think OP was mostly saying that manufacturing hasn't decreased, which is what the public narative is proclaiming.
- vikingerik 3y agoPer capita matters too. The total hasn't decreased but hasn't increased either considering that. Besides the 30% inflation, there was also ~10% population growth in the ten years. The nominal 40% dollar value is entirely accounted for by those. US manufacturing is entirely stagnant in real terms per capita.