Submitted by CARPE DIEM

Both series (jobs and output) in the above chart are indexes equal to 100 in 1960. With roughly the same number of U.S. employees in manufacturing as in 1960, the U.S. economy produced almost 4.5 times as much manufacturing output in 2007 as in 1960! It’s an often unappreciated, but amazing record of increases in American worker productivity in manufacturing.
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