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This chart from Forbes (via Big Picture) breaks some common myths held about America’s manufacturing power (“We don’t make anything anymore”). What you see in the charts is the application of capital in an economy. Our workers are three times more productive than Chinese workers.
It’s interesting that if you look at long-term [...] The Institute For Supply Management (ISM) reported that the Chicago Purchasing Mangers Index (PMI) showed an impressive uptick for September: Growth in new orders picked up very sharply in the Chicago area during September, up 8.4 points to 65.3 for the strongest rate of monthly growth since April. Employment rose 8.5 points to 60.6 for [...] |
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