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Strategies & Market Trends : Classic TA Workplace

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To: Rarebird who wrote (77979)	7/27/2003 7:24:38 PM
From: ajtj99	Read Replies (2) of 209892

Back in 1980, manufacturing was about 50% of the US economy. Today it is probably closer to 20% than 25%. The point? Manufacturing is not as critical to the US economy as it once was. There is a theory that economies evolve from agricultural based, to manufacturing based, to service based, and finally to educational based. We've just moved one step higher on the economic evolutionary ladder, IMO. What has Switzerland manufactured in the last 20-years? The Netherlands? If it's designed and engineered here, distributed here, sold here, and serviced here, we've got our fingers on plenty of economic activity. Furthermore, there's a chance some of the raw materials for that item may have come from here even if it was made from overseas. There is lots of scrap metal and corrugated that is shipped to Asia from the USA, and let's not forget about all the plastic resin manufacturing owned by US companies like GE and Amoco.

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