TOOLS I Have A Question
Germany is more expensive than the United States. Wages, taxes, basic standard of living. Right? Then please tell me why WILLI HAHN can manufacture screwdrivers and pliers far superior in quality t...
Forum Discussion
MW: I think you got lost in the weeds here. For a guy who has two degrees, (you didnt mention what they were) you jumped to a lot of insupportable conclusions about our economy based on the performance of what I must say is a cheap piece of cookware. I can pretty much guarantee that if you had bought a Cuisanart, All Clad or any other professional brand which would have been unlikely to lose it's handle would your view of the economy be completely different? So here are the facts:
The US economy is 1/5th of the entire world economy and here is a list of our biggest industries. Please note the non Durable and Durable manufacturing numbers. I think you will see the sky is not falling. And this list supports my contentions in my original answer.
This list is longer and I only included the top few. They also break out industry by most profitable and largest. This list is by percent of GDP.
Here are the 10 biggest industries in the United States economy:
Information
$807.9 billion
GDP share: 4.6%
(An umbrella covering the broad fields of publishing, Internet publishing, broadcasting, media, sound recording, motion pictures, and many more.)
Manufacturing of nondurable goods
$954.8 billion
GDP share: 5.5%
Agriculture, textiles, apparel, petroleum and coal products and others make up the industry of manufactured nondurable goods.
Retail trade
$1,014 billion
GDP share: 5.8%
We buy A LOT of things on a daily basis, launching the retail industry onto the top 10 list, with motor vehicle sales and parts and food and beverage purchases leading the way.
Wholesale trade
$1,037.6 billion
GDP share: 6.0%
Before the things we buy get to stores, showrooms, and restaurants, they are wholesaled, which adds up to a more than $1 trillion industry every year.
Manufacturing of durable goods
$1,135.8 billion
GDP share: 6.5%
While the U.S. has seen a dip in homegrown manufacturing as companies move overseas, making all of the durable goods we use for building, infrastructure, machines, appliances, etc. is still a giant industry.
End of list
So in conclusion I think you view of the economy is innacurate and can one really base conclusions about 1/5th of the worlds economy on the performance of one cheap frying pan? My guess is that is not considered enough data.
The US economy is 1/5th of the entire world economy and here is a list of our biggest industries. Please note the non Durable and Durable manufacturing numbers. I think you will see the sky is not falling. And this list supports my contentions in my original answer.
This list is longer and I only included the top few. They also break out industry by most profitable and largest. This list is by percent of GDP.
Here are the 10 biggest industries in the United States economy:
Information
$807.9 billion
GDP share: 4.6%
(An umbrella covering the broad fields of publishing, Internet publishing, broadcasting, media, sound recording, motion pictures, and many more.)
Manufacturing of nondurable goods
$954.8 billion
GDP share: 5.5%
Agriculture, textiles, apparel, petroleum and coal products and others make up the industry of manufactured nondurable goods.
Retail trade
$1,014 billion
GDP share: 5.8%
We buy A LOT of things on a daily basis, launching the retail industry onto the top 10 list, with motor vehicle sales and parts and food and beverage purchases leading the way.
Wholesale trade
$1,037.6 billion
GDP share: 6.0%
Before the things we buy get to stores, showrooms, and restaurants, they are wholesaled, which adds up to a more than $1 trillion industry every year.
Manufacturing of durable goods
$1,135.8 billion
GDP share: 6.5%
While the U.S. has seen a dip in homegrown manufacturing as companies move overseas, making all of the durable goods we use for building, infrastructure, machines, appliances, etc. is still a giant industry.
End of list
So in conclusion I think you view of the economy is innacurate and can one really base conclusions about 1/5th of the worlds economy on the performance of one cheap frying pan? My guess is that is not considered enough data.
