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this post was submitted on 05 Oct 2024
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Asklemmy
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What de industrialization?
US is second largest industrial output and it has been rising.
Unless you mean jobs after NAFTA and code changes... Which is true but manufacturing employment is on the rise post covid reforms
The US shifted the vast majority of its production overseas, which is why it's seen as a "service economy."
US did offshore no doubt but it was not a vast majority. You can check the numbers, there was some decline in employment but US has high tech factories and industrial base is now growing quickly even with job growth since covid.
The reason it is largely a service economy is due to growth in service sector after industrialization. Once people got all their needs with goods met, they started buying service.
Think about all the food joints we have now for example. This is fairly recent thing. Sure food out always existed but not like this.
Also, people have god walkers, people buy insurance etc all this is kinda recent in big picture thing
I am aware of the process, the US produces the vast majority of its commodities oversees before "finishing" or "assembling" in the US. It's Imperialism in action, where it hyper-exploits the Global South for super-profits.
Right but we started this here with claim that US de industrialized which I saying is not accurate and it is a common misconception thrown around.
It reversed industrialization and shifted internationally.
Industrialization in the US was not reversed, out has been grown even pre covid.
That's my entire point here. This can be easily verified too.
Trends.