Sunday, September 12, 2010


The dwindling U.S. economy

The last lightbulb factory in the U.S. is closing, and, the "green jobs" panacea promised by Obama and a host of other politicians notwithstanding, the fact is that there isn't a single CFL factory in the U.S.

And here's the sobering statistic from the article:

The number of manufacturing jobs in the United States has been shrinking for decades, from 19.5 million in 1979 to 11.6 million this year, a decline of 40 percent.
And if they had considered that as a percentage of the U.S. population, rather than as a simple constant amount, the shrinkage would be even more dramatic; the population has grown from 225 million in 1980 to 310 million now, meaning that the percentage of people working in manufacturing has declined from 8.8% in 1979 to 3.7% now.

Why stop here? There's more...

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