Manufacturing and the us decline final
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The document summarizes the negative economic impact of the United States outsourcing its manufacturing industry. It describes how when the US was a top manufacturer, it imported wealth from other countries in exchange for manufactured goods. This led to expanded middle class jobs, incomes, and public services. However, after outsourcing manufacturing, other countries now lead in achievements while the US struggles with high unemployment and declining wealth and communities. The document warns that no modern society has survived after losing its manufacturing base, and that without manufacturing, the US risks becoming a decaying third world society without real wealth production.
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1:1原版澳大利亚国家戏剧艺术学院毕业证+NIDA成绩单【Q微:1954 292 140】鉴于此，NIDAdiploma澳大利亚国家戏剧艺术学院挂科处理解决方案NIDA毕业证成绩单专业服务学历认证【Q微:1954 292 140】办理教育部学历认证，留学回国证明，澳大利亚国家戏剧艺术学院毕业证、澳大利亚国家戏剧艺术学院成绩单、澳大利亚国家戏剧艺术学院文凭（留信学历认证+永久存档查询）办理本科+硕士+博士毕业证成绩单学历认证，我们一直是留学生的首选，质量行业第一，诚信可靠。
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Manufacturing and the us decline final
- 1. The United States Decline After Outsourcing Manufacturing By Steven M. Jeffes
- 2. Need a PhD in Economics to See Where We Went Wrong? When the United States Was the After the United States Outsourced its Manufacturing : World’s Top Manufacturer : n n n n n n We imported untold wealth from other countries in exchange for our manufactured goods We led a number of top achievements – best transportation system, fastest trains, world’s tallest buildings, longest bridges, fastest wealth creation, etc. n n We had nearly full employment where jobs were very plentiful n Wealth was on the rise and people could expect every generation to do better n Communities expanded: Schools, libraries, sports arenas, fire/police services, new homes/neighborhoods n A factory or manufacturer existed in nearly every community in quantity and were being built in droves, creating more & more middle-class jobs with rising wages n 2 We, as well as the rest of the world, now send our wealth to other countries for their manufactured goods Other countries are now the source of top achievements – best transportation systems, fastest trains, world’s tallest buildings, longest bridges, wealth creation We are struggling with high employment where jobs are scarce Wealth is on the decline and the next generation is barely doing better than the last Communities decaying and contracting: Schools, libraries, sports arenas, fire/police services, communities and neighborhoods Our old factories now burn down and are the center of urban decay/blight/crime, etc.
- 3. When the US was a top Manufacturer United States As a Leading Manufacturer Most of World’s Wealth Imported to the US $$$$ for goods Produced Other Countries USA Expanded Services: Police, Fire, Schools, Public Programs, Transportation Expanding Middle Class, Increased Incomes, Spending Power Increased Local Supplier Jobs, Wages, Taxes $$$ Local raw materials purchased to make goods Each Generation Does Better, US Leads World in Many Areas $$$ $$$ $$$ Leads to Wealth Creation for Produces a higher local and Producers, Owners, Pays Expanding Workers, national tax base Local Wages Government to expand public And Provides services Communities with Good Jobs 3
- 4. Other Countries As Top Manufacturers Most of The World’s Wealth Diverted to OTHER COUNTRIES For Goods Produced Other Countries USA United States After Outsourcing Manufacturing Disappearing Middle Class, Decreased Incomes, Spending Power Decreased Local Supplier Jobs, Wages, Taxes $ More Foreign raw materials purchased to make goods Contracting Services: Police, Fire, Schools, Public Programs, Transportation Each Generation Does Worse, US LAGS World in Many Areas $ $ $ Leads to Wealth Destruction for Produces a everyone except decreased local business owners and national tax who outsourced out base; deficits of the US; Other occur; local (manufacturing) services decline, countries now schools have less create wealth faster to spend, etc. Wages and Salaries Decline & Stagnate; Communities Struggle with Declining Jobs, Increase Poverty 4
- 5. Facts About Our Outsourcing & Our Future n n n n The fact is no modern society in history has ever survived once it lost it manufacturing base. Fact - The Roman Empire collapsed once manufacturing was replaced by financial services as the main economic industry. Real wealth is imported & created when a society produces real goods other countries need & want A society based more on financial services is moving wealth from one area to another without actually creating real wealth Our economy now only is 12% based on manufacturing (vs. 50%+ in the 1930-40’s) and once it is gone, we will be without wealth production, a decaying 3rd world society 5