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News Link • Economy - Economics USA

Wall Of Worry Redux: 24 Statistics Confirming America's Decline

#8 The United States has lost approximately 42,400 factories since 2001. Approximately 75 percent of those factories employed at least 500 workers while they were still in operation. #9 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000. #10 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975. #11 In 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent. #12 The television manufacturing industry began in the United States. So how many televisions are manufactured in the United States today? According to Princeton University economist Alan S. Blinder, the grand total is zero. #13 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941. #14 Back in 1980, the United States imported approximately 37 percent of the oil that we use. Now we import nearly 60 percent of the oil that we use.

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