Hey, are you saying it's worse than folks sitting at their computers every day trading stocks ?
Talk about non manufacturing jobs, we have much of the financial sector reliant on short term trading profits.
You haven't supported your earlier premise of the need for a manufacturing base in this country, which you have repeatedly mentioned here.
Let's see ...
Professional business 17M
Manufacturing is hardly a dominating industry in terms of employment numbers, definitely not the 100's of millions of jobs you incorrectly referred to earlier.
We have more folks making their living on trading and transporting goods than any other category. Note that these people could care less whether the product is made here or in China as long as they can tack on their profit margin onto the price.
First, I never have assigned a 100s Million designation to the Manufacturing sector. But...
...thanks for making my point regarding the shrinking manufacturing sector. If you look at 1950s, 1960s, 1970s and even 1980s manufacturing jobs as a percentage of the working population you will see two things. First a higher percentage of the population worked in manufacturing [bottom1 can explain that whole percentage/ratio thing to you] and second, you will see that manufacturing jobs, post recessions were the first to quickly ramp up and spur the economy into recovery mode.
Construction is usually considered second in that trait, with skilled craftsmen driving the workforce at rampup with good middleclass labor rates.
Travel/leisure tends to be a trailing sector as far as recession/recovery and is usually lower pay.
Now, when you get to Edu/Health, Professional, they are going to be static across the recession/recovery cycle, not as conditional to the ups and downs.
Thanks for pointing that out.