Forbes: America's New Manufacturing Boomtowns
Conventional wisdom for a generation has been that manufacturing in America is dying. Yet over the past five years, the country has experienced something of an industrial renaissance. We may be far from replacing the 3 million industrial jobs lost in the recession, but the economy has added over 330,000 industrial jobs since 2010, with output growing at the fastest pace since the 1990s.
Click to enlarge.
I doubt very much that we will make it to $1,700 per month (inflation adjusted) again. It's just a "conventional wisdom" opinion though.
As a side note, what could possibly go wrong from here? It's not like we're at the very upper edge of a long-term declining trend channel. It's also not like we are stuck there as if unable to punch through. Oh, wait. Never mind.
Source Data:
St. Louis Fed: Custom Chart
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