Heard about the demise of the U.S, manufacturing sector? Take a look at the following chart, which shows an index of total U.S. manufacturing output since 1987. Wow!
If you want an even bigger WOW look at the U.S. manufacturing sector’s productivity performance, measured by output per man-hour of work, over the same period, in the chart below.
The difference is Information Technology investments that have radically decreased the time it takes to get products produced and in customers hands.