… is from a recent Facebook post by GMU Econ alum Dave Hebert:
China has over 200 million workers in manufacturing, right now and produces roughly twice as much output as the 12.6 million American manufacturing workers.
In other words, ONE American manufacturing worker is as productive as EIGHT workers in China.
The American manufacturing worker (and sector) does not need to be “protected” from the rest of the world. They need to be unleashed upon the world.
DBx: Indeed so.
The graph was put together by GMU Econ alum Mark Perry and shared with me recently by email.
