U.S. manufacturing: Output vs. jobs since 1975

Source: Mercatus Center at George Mason University

Feb 04, 2011

Since 1975, manufacturing output has more than doubled, while employment in the sector has decreased by 31%. While these American job losses are indeed sobering, they are not an indication of declining U.S. competitiveness. In fact, these statistics reveal that the average American manufacturer is over three times more productive today than they were in 1975.

The true cause of dwindling American competitiveness is a tax code that puts domestic firms at a clear disadvantage — not a lack of skill or innovation on the part of the American worker.

Veronique de Rugy explains why the price of our tax code is hurting American jobs at Reason Online.

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