With Respect to Mark Twain

In a larger article over at Reason, Shikha Dalmia presents commentary by Cato’s Dan Ikenson on America’s manufacturing sector:

Cato Institute’s Dan Ikenson notes that by all relevant metrics—output, value added, revenues, exports, imports, investment, R&D expenditures—U.S. manufacturing remains a global powerhouse. It attracts $1 trillion in foreign direct investments, the highest in the world, and more than double what China’s manufacturing sector attracts. The auto industry alone (which Trump keeps threatening with punishing fines if it moves any operations to Mexico) has seen vehicle production more than double from 5.7 million in 2009 to 12 million by 2015. The U.S. exported over 2.1 million cars in 2014, becoming the third largest auto exporter after Germany and Japan, with Mexico as a distant seventh.

Reports of American Manufacturing’s death are greatly exaggerated.

6 thoughts on “With Respect to Mark Twain

  1. I think that I know the sense in which Ikenson is using the term “relevant metrics” but employment is relevant to the political debategoing on. There may be fewer auto workers today and this matters to many and needs to be addressed head on rather than declared irrelevant.

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    • Bob

      Perhaps if employment was addressed honestly in the political debate, it wouldn’t be such a contentious issue..

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