Services took over from manufacturing of goods already in 1987.
Measured by jobs: some 30% of US jobs where in manufacturing in 1975 - it is now only 10% - and actually on 5% manufacture products.
Measured by investments in 2004: new factories $16.3 bn - investment in IT $1.1 trn. Server farms and mainframes are the new industrial complex!
My question is if those who decide to keep traditional manufacturing going at high cost to tax payers - have realized the magnitude of the change.
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