The China Deal: If You Can't Sell It, Buy It

[Michael Perelman]

Interesting.  You said that employment as not decreased all that much,
so then value added per manufacturing worker has not been increasing
much.  Is that correct?

Doug Henwood wrote:


> Michael Perelman wrote:
>
> >Does that measure value added or final products?
>
> Final product. For value added, see
> <http://www.bea.doc.gov/bea/dn2/gpo.htm>. In 1987, manfuacturing
> accounted for 19% of total value-added; in 1997, 17%. In real terms,
> v-a was up 32%. Durable goods were up 48%. Finance was up just 27%!
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu