Aug 10, 2011

US manufacturing is alive and well

Matt Yglesias flagged this study which should be required reading for the "we-don't-make-anything-anymore" crowd:
But even durable goods, which only account for about 10 percent of total spending, are mostly made in America — 66.6 percent to 12 percent for China with the rest coming from the rest of the world. In fact the only category of spending in which Made in the USA doesn’t account for the majority is clothing and shoes. What’s more, even a lot of the spending on imported goods actually reflects the cost of shipping them around the United States.
An easy mistake to make given the ubiquity of "Made in China," but a mistake nonetheless.

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