Americans ARE Exceptional..
The United States has lost approximately 42,400 factories since 2001. The United States has lost a total of about 5.5 million manufacturing jobs since 2000, that’s 32% of its manufacturing jobs. According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of United States parent companies increased an astounding 30% to 10.1 million. During that exact same time period, United States. employment at American multinational corporations declined 8% to 21.1 million. In 1959, manufacturing represented 28% of United States economic output. In 2008, it represented 11.5%. As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
In the United States today, consumption accounts for 70% of GDP. Of this 70%, over half is spent on services. In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th. In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero. According to a new study conducted by the Economic Policy Institute, if the United States trade deficit with China continues to increase at its current rate, the United States economy will lose over half a million jobs this year alone. As of the end of July, the United States. trade deficit with China had risen 18% compared to the same time period a year ago. The United States Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.