Sunday, July 05, 2009

Factories $16.3billion - IT $1.1 trillion

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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