America Manufactures More Today Than Ever
America manufactured $2.4 trillion dollars’ worth of products in 2019 compared to $1.3 trillion worth of products in 1997. The decline in manufacturing is not the total goods produced but the number of people needed to produce the goods. It once took 25 workers to generate $1 million in output but today it now takes only 6.5 workers to generate the same $1 million in output. Although China represents $4 trillion of manufactured goods and 28% of the worlds manufactured output, the United States still represents 17% of the worlds manufactured output. The next countries are Japan at $1 trillion in manufactured goods and 7% of the worlds manufactured output and Germany at $806 Billion in manufactured goods and 6% of the worlds manufactured goods.