Americans may be surprised to learn that the United States is still the world’s number one manufacturer, accounting for 17 % of global manufacturing output, but down from 25 % in 2007 before the Great Recession.
For over sixty years, American manufacturing has dominated the globe. … Manufacturing is the foundation of the American economy and was responsible for the rise of the middle class in the 20th Century, in which the average daily wage rose from $2.50 per day to $96 per day.
The U. S. manufacturing sector accounted for $1.7 trillion or 11.2% of the country’s Gross Domestic Product (GDP) in 2010, up from $1.58 trillion in 2009. If this sector were a country, it would be the eighth largest economy in the world. Manufacturing output of the nation’s factories in the United States today is at the highest level in history and continues to rise.