The graph above (data from the World Bank) shows manufacturing as a proportion of GDP for Germany and the US from 1985 to 2008 (2009 for Germany) showing in both cases a decrease of about 35%.
Now let's look at unemployment in the US and Germany from 2000 to present (data from the IMF).
Over this period, Germany's unemployment has decreased while that in the US increased by almost 100%.
This data alone should be enough to reject the hypothesis that technological innovation in manufacturing is a primary cause of current economic woes in the United States.
Popular Posts
-
After a little over a week since 48 players exchanged numbers with their teams, and according to my research 13 players have signed if you i...
-
This is my opening post on my blog. This blog is going to be about the Media/ Sports/Music/Politicans. I hope ya'all find it interestin...
-
I am going ahead with the idea of facilitating barter exchanges between readers, chosing the old-school method in the interest of simplicit... -
Male porn stars are famous for their above average endowments. Ron Jeremy is measured at 9.75 inches. Another famous porn star was John Holm... -
I take what I call a journalistic interest in a variety of sports. If I didn't write, I wouldn't waste my time learning about them. ... -
Paula Radcliffe is a distance runner who hails from Britain. She is the first woman to ever go below 2:20 for the marathon redefining what w... -
Just wanted to thank everyone who has been apart, visited or entered our contests on this blog and help us get to 30,000. It's not quite...
-
Today's FT has a special report on Nigeria, and has a very interesting discussion of energy access : Despite average cash injections of...
0 comments:
Post a Comment