So the jobs really didn’t go to China…

On several occasions, I wrote about manufacturing jobs going to machines rather than to China.  Just another piece of evidence on that.

Paul Krugman recently did something interesting; he used industrial production data and capacity utilization data to obtain an estimate of U.S. industrial capacity.  Here’s the result:

Note the rapid capacity build-up during 1990s, as America was supposedly losing its manufacturing base…

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