Interesting, so basically no growth since 2007 if you exclude computers, even with increased productivity. And the drop in employment is insane and it's no wonder that there is a huge political movement with fixing that as a pillar. Not even to mention regional problems that have been going on longer in the Rust Belt. Yeah I find it pretty disgusting when workers in service based industries like here have no sympathy for the workers in these industries.
That it's relative share in GDP is down during that time means that other sectors were growing even faster (think Google, Netflix and so on, so services instead of things). That the service sector gains in relative importance is actually a sign of an advanced economy, every modern economy looks like that, not just the US.
In the end, the problem is that China manufacturing output is $4.6 trillion according to those numbers while the US is $2.5 trillion, while it was around the same back in 2010. This, along with its decline in percentage of GDP is causing the perception, and it also is causing decline in employment in manufacturing. The perception matters ideologically and the employment issues matters materially, and so we have these tariffs as an effort to bring manufacturing back to the US.
Basically if you ignore computers, there was zero growth in manufacturing sector. If you take computers into account but ignore processing power increase, there was zero growth. So pretty much the only driving force in the manufacturing sector for the last 20 years was Intel, AMD, Nvidia. This is even with the increased productivity per person in manufacturing sector (so there was also massive reduction in employment).
It is highly concerning and the numbers were very much cooked up.
It is. But it's really a lousy conversation to have you two going back and forth several times, with each of you asking the other to substantiate their position, and neither of you actually doing so.
