The statement “America does not make anything anymore” is a lie. China only passed America in net-output manufacturing in 2011–a fact that media and policymakers often overlook. At the time accounting for 19.8% of world manufacturing output, China was just a fraction ahead of the U.S. share of 19.4%. China’s manufacturing base is much more dependent on cheaper, less-technical goods. The U.S. manufacturing base requires significantly more engineering and skilled labor, which produces higher-paying jobs, and, according to the National Association of Manufacturers, the U.S. manufactures more today than ever before.
Only 5% of U.S. companies export. As the largest consumer market on the planet, most manufacturers in the United States do not see the need to prioritize exports. This is until they realize the international potential: an audience of millions of global middle-class consumers demanding our goods. – READ MORE