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1/22/2020 12:12:56 PM
Posted: 9/17/2009 11:27:11 PM EST
What is the ideal percentage of manufacturing for of a nation's economy?
Link Posted: 9/17/2009 11:43:26 PM EST
I am no manufacturing groupie (whatever that is) and certainly not an economist but to me it seems a good idea to produce more than you consume and not consume more than you can produce. There may be a really good reason that my idea is a horrible one but it seems good to me.
Link Posted: 9/17/2009 11:44:41 PM EST
[Last Edit: 9/17/2009 11:48:51 PM EST by operatorerror]
I just took a wild assed guess at 50 - 60%. Our real number is probably somewhere around 10% now (another WAG).


eta Dang! We are all over that poll! Kinda' like a sawed off shotgun, someone's bound to hit.
Link Posted: 9/17/2009 11:57:16 PM EST
One hundred billion percent
Link Posted: 9/18/2009 12:06:16 AM EST
Originally Posted By 87GN:
One hundred billion percent


Mathematics fail.





Link Posted: 9/18/2009 12:07:53 AM EST
Originally Posted By sherrick13:


Mathematics fail.




I do that a lot
Link Posted: 9/18/2009 3:00:22 AM EST
Not sure...What is China's They are doing pretty good.
Link Posted: 9/18/2009 3:15:49 AM EST
The correct answer is whatever the free market will bear.

Unfortunately we now live in a controlled market with the unions that just got stronger and a Govt that is embracing extreme control.
Link Posted: 9/18/2009 3:25:03 AM EST
I would guess 30-40%, buts that just a wild guess.
Link Posted: 9/18/2009 3:31:27 AM EST
Originally Posted By nicholsmf:
I am no manufacturing groupie (whatever that is) and certainly not an economist but to me it seems a good idea to produce more than you consume and not consume more than you can produce. There may be a really good reason that my idea is a horrible one but it seems good to me.


this
Link Posted: 9/18/2009 4:05:18 AM EST
depends on what you are producing and how. agriculture, heavy machinery, durable goods.... if you produce toys and plastic crap like china does, you are not buffered from economic downturns as orders for that junk will cease. manufacturing the cheap and dirty way is no replacement quality, durable goods. just saying, lumping all things into the "manufacturing" category is like saying a doctor and the ticket guy at the movie theater are both service professionals
Link Posted: 9/18/2009 4:42:08 AM EST
Manufacturing is approximately 10% to 11% of the economy right now. The CEO of GE (his name escapes me right now) says that we should have 20%. Some economists say that is untenable in the U.S. There was an article in the Wall Street Journal about this a few weeks ago.
Link Posted: 9/18/2009 4:43:00 AM EST
[Last Edit: 9/18/2009 5:39:21 AM EST by PAEBR332]
Originally Posted By hardcase:
Manufacturing is approximately 10% to 11% of the economy right now. The CEO of GE (his name escapes me right now) says that we should have 20%. Some economists say that is untenable in the U.S. There was an article in the Wall Street Journal about this a few weeks ago.


Thanks for the specific info. It was really helpful.
Link Posted: 9/18/2009 4:58:43 AM EST
[Last Edit: 9/18/2009 5:00:24 AM EST by PantherArms762]
I think we should move all manufacturing over seas and go to a strictly service based economy. Of course, that's unsustainable and unemployment will skyrocket causing crime to go through the roof.

But hey, that means your department will be hiring, eh Sherrick?

Not sure where the tax revenue wil come from to pay them, but it sounds awesome in theory.

ETA: I voted 30-40%
Link Posted: 9/18/2009 5:37:04 AM EST
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