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Destruction of U.S. Manufacturing: The Unusual Suspects (Guest Post)

By Andrew Butter

If you want to know the real “culprits”, have a look at this chart:


The blue line is US Employment in Manufacturing (from the St Louis Fed), the purple line is the cumulative amount of money that Americans (mainly US Corporations) invested in projects outside of USA, instead of inside USA; (from the BEA time series on International Transactions Line 51).