> Manufacturing has disappeared as a share of GDP, but that's not because we make less stuff.
We assemble. The actual parts are largely made overseas.
Because location matters, assemblers in China are able to do better work at a much lower price, see every Chinese EV company, or Chinese drone companies.
Heck in China you can buy a competent Chinese EV motorscooter for less than a kids bicycle in America.
We assemble. The actual parts are largely made overseas.
Because location matters, assemblers in China are able to do better work at a much lower price, see every Chinese EV company, or Chinese drone companies.
Heck in China you can buy a competent Chinese EV motorscooter for less than a kids bicycle in America.