US Manufacturing Crown SlipsThis is emblematic of this country's slide toward mediocrity and it should be a clarion call to renew American exceptionalism.
The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production.The figures are revealed in a league table being published on Monday by IHS Global Insight, a US-based economics consultancy
Last year, the US created 19.9 per cent of world manufacturing output, compared with 18.6 per cent for China, with the US staying ahead despite a steep fall in factory production due to the global recession.
That the US is still top comes as a surprise, since in 2008 – before the slump of the past two years took hold –IHS predicted it would lose pole position in 2009.
However, a relatively resilient US performance kept China in second place, says IHS, which predicts that faster growth in China will deny the US the top spot next year.
Sunday, June 20, 2010
Second Place is Simply Unacceptable!
I think it's time to refuse to buy Chinese goods and shun companies that outsource their manufacturing to China:
Posted by Dale Weeks at 10:50 PM