For years, the United States have been considered as the top manufacturing country in the world. Before World War 2, the U.S have already been generating manufactured goods and production was tripled when the war eventually started. In 2007, the United States has a manufacturing output of $1.831 trillion, which
is around 12% of the entire GDP or gross domestic product. In simple terms, that’s $12,206 USD for every person within a 150 million labor force. With this kind of information, you’d think the United States would have the biggest output per capita in the world as well, did you? In reality, that is not the case. Japan gets the highest output.
Yet, these statistics were made years ago. The economic crisis not only affected the United States, but the rest of the world as well. With most of the companies in the U.S outsourcing their workforce to other countries, massive unemployment rose to become one of the country’s top concern. Pres. Obama have promised to give more jobs to U.S citizens and has (Read More....)
. . . → Read More: The Top Manufacturing Countries Of The World: Will The U.S Remain On Top?