avatar
Conor Sen @conorsen.bsky.social

The share of US workers in manufacturing is falling pretty rapidly again:

image
dec 29, 2024, 4:56 pm • 68 12

Replies

avatar
joelcawley.bsky.social @joelcawley.bsky.social

This is basically a straight declining line from roughly 1940 to today. It’s mainly productivity and workforce mix. Same exact line can be found for agriculture in the late 19th / early 20th centuries. There’s a tiny acceleration after China joins WTO, but core driver isn’t trade, its productivity.

dec 29, 2024, 5:53 pm • 0 0 • view
avatar
Diogenes @diogenes-of-sinope.bsky.social

How did such a huge spike happen on administrative change? Cooking of the books?

dec 29, 2024, 5:26 pm • 0 0 • view
avatar
Brett Butlerian Jihad @skoryy.bsky.social

You can see where Trump tried, and, uh.

dec 29, 2024, 5:00 pm • 0 0 • view
avatar
Beau @runningsignal.com

If we’re reshoring manufacturing we have to shore labor. No way around it without automation. Fine, if more the point, but you’ll need higher skilled labor that will likely come from attracting labor from abroad where these industries are developed.

dec 29, 2024, 5:01 pm • 7 0 • view
avatar
Contrarian Investor Media @contrarianpod.bsky.social

image
dec 29, 2024, 5:23 pm • 0 0 • view
avatar
Jamie Flinchbaugh, Founder of JFlinch @jflinch.bsky.social

You also have to look at structural changes. For example, a truck driver driving for a manufacturing company is a manufacturing job. But drives the same truck for a service company and it's a service job

dec 29, 2024, 5:07 pm • 1 0 • view
avatar
KenGoldsholl @kgsbca.bsky.social

did the % of mfg jobs just go up during covid because of retail losing jobs, while factories could stay open?

dec 29, 2024, 5:02 pm • 11 0 • view
avatar
Conor Sen @conorsen.bsky.social

Yeah

dec 29, 2024, 5:04 pm • 3 0 • view
avatar
I-Dog Capital @idogcapital.bsky.social

Is this such a bad thing? Our military output at least is increasing, reshoring chip fabs… are we just doing more with less?

dec 29, 2024, 6:27 pm • 0 0 • view
avatar
Jim @whitejames.bsky.social

That's an aggressive y axis

dec 29, 2024, 5:19 pm • 2 0 • view
avatar
Guy Baddis @guybaddis.bsky.social

I'm so old, I remember people decrying the the loss of the small family farm. That didn't reverse the trend.

dec 29, 2024, 8:18 pm • 1 0 • view