The appeal of MAGA is an imagined past where America used to make things, before globalization took all the manufacturing overseas. Today I learned that the basis for that belief is just wrong. The graph above shows why. America is still making stuff — about ten times more today than we made in 1947, in inflation-adjusted dollars. That's stuff made right her in the USA, not in China. What gives? Why don't we have ten times more Americans working to produce those goods? That's because of a growth in productivity. While we're making ten times more, the number of Americans working in manufacturing has stayed pretty much flat from 1947 to 2025. Productivity growth through technology, not globalization, is the more important story here.
