Exporting high paying jobs overseas is the height of stupidity. You're an idiot. Producers produce wealth. Exporting producers exports wealth. You're probably a carpetbagging shithead that's heavy long Fortune 500. Eat ur Gmo pesticide laden crap. Feed it to ur kids too Check manufacturing employment in the 70s dumbass. Right before America began off shoring and go by that metric. Don't put words in my mouth
You said 60 years, that means from 1955, 2015-60 is 1955, right? 1970s Japan and Germany were still getting their act together, in the 80s they had caught up and easily surpassed the US competition. So, is your comment just saying "why can't things stay the same"? Guess what, tech industry which is mostly based in America is bringing in a lot of money and a lot of it globally, should every country ban Facebook and Google because...patriotism?
You're right. I did. My bad. I apologize. Look, take the figures from the late 1970's. That's when offshoring began. Yes, automation and competition from Germany and Japan played a role in the decline too. Offshoring was far and away the overwhelming cause of decimated manufacturing employment in the US. THis is not a good thing. You can argue it anyway you like. The housing boom. Tech boom, whatever. The trade deficit, fiscal deficit, national debt all started to accelerate in the 70's = all coincided with offshoring. These are bad things.
Just because something coincides with another event, doesn't mean there's causality. The reasoning that when offshoring began, it immediately had a huge effect is false. In the late 70s, manufacturing actually reached all time highs. Manufacturing started declining in the 80s, 90s and accelerated in the 00s.
Offshoring started in the late 70's. *Started*. To say offshoring had no significant effect on manufacturing employment is like arguing crack cocaine is a nutritious food group...
The primary decline in manufacturing employment had to do with automation. US manufacturing output is higher today than it's ever been (and it's been steadly increasing for the last 30 years). Offshoring has been largely additive to the world GDP. It's mostly gains the US would have gotten if China stayed closed. Same source: FRED https://research.stlouisfed.org/fred2/series/OUTMS
Well, in the late 90s employment in manufacturing was not much different from the 70s. You need to look at the data and then make up your mind, not the other way around. Also, what @newwurldmn said, automation plays a big part.
Besides output (which is based on sales, which is based on price, deflated by CPI, which is understated, which revises actual output much lower then stated in the chart), your assertions are baseless. Arguing a country benefits by offshoring high-wage middle class jobs is the height of stupidity championed by carpet-baggars and Wallstreet psychos who crash the economy for fun. Not sure if logic will work here. How do you think China's meteoric rise occurred? By elbow grease and hard work? No. The world EXPORTED FACTORIES TO CHINA, and that built their economy from well under >100 billion to 8 Trillion today. This is zero-sum. We lose a factory and jobs, and they gain a factory and jobs. Real real simple. You dummies realize America's trade, fiscal and national debts took off like a rocket in the early 80's, just as offshoring took off. You realize trade deficits matter, right? That a country cannot continually import more then it exports without financing the difference usually through debt? You realize that since the 90's, fiscal deficits were the norm to offset the economic hole left by offshoring? And that Americas debt-to-GDP is well over 100%? Does this compute for any of you morons? Or let me guess, you're not American, and don't give a fuck about the country.
It's real simple man. Manufacturing as a PERCENTAGE of the overall economy has shrunk drastically. IOW, PER CAPITA manufacturing employment shrunk drastically since the 70's. It should have remained similar or slightly decreased due to automation. That's as basic as I can dumb it down.