The ‘80s futurist John Naisbitt once called manufacturing a “a declining sport,” and to be sure the share of Americans working in factories has fallen far from the 1950 peak of 30% to roughly 8.5% last year.
Yet, manufacturing’s contributions to the economy are far out of proportion to its shrinking share of employment. In 2013, the manufacturing sector employed 12 million workers, but generated an additional 17.1 million indirect jobs.
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