Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mike M2 who wrote (13553)	1/16/2002 7:59:57 PM
From: AC Flyer	Read Replies (2) of 74559

Hi Mike: Did you know that in the US manufacturing employment has fallen sharply as a share of total employment, from 41 percent of all employment in 1950 to 20.1 percent in 1998? Should we care? No. Why not? Because in 1950, real goods production accounted for 37.3 percent of real GDP but in 1998 it accounted for 39.8 percent. In other words, manufacturing now accounts for a greater share of total economic output than it did when more than twice as many Americans (as a percentage of the total workforce) were engaged in it. Food for thought down in the union hall. If this is sacrificing our industrial base, I'm all for it. Moving right along to the next war. How many tons of carbon steel go into an F22 Raptor, Mike? How about a B2 Stealth bomber? A V-22 Osprey? You get the point, I'm sure. ncpa.org

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